Commercial Real Estate & Business News October 9, 2018
Why this Developer is Focusing on the Salt River Pima-Maricopa Reservation The northeast corner of Loop 101 and 90th Street on the Salt River Pima-Maricopa Indian Community was the perfect location for Daniel Lupien’s planned 245,000-square-foot, mixed-use office complex. “It’s one of the last large development tracts along Loop 101,” said Lupien, principal of Palmer […]
Commercial Real Estate & Business News October 8, 2018
Industrial Sales Slow, but Valley Property Prices Rise in Third Quarter Sale prices increased for industrial buildings as absorption slowed in the third quarter of the year around the Valley. The median price for an industrial building was $106 per square foot, up from $97 in the second quarter, despite fewer properties selling in the […]
Commercial Real Estate & Business News October 5, 2018
ULI Forecast Highlights Bifurcated Retail Sector, Strength in Industrial Results from the fall ULI Real Estate Economic Forecast show a rise in economic expansion in 2018, with growth tapering in 2019 and 2020. Tax reform is largely credited with the economic bounce that has occurred this year, with gross domestic product (GDP) growth that jumped […]
Commercial Real Estate & Business News October 4, 2018
Expect Interest Rates to Increase Through 2020 Interest rates are likely going to rise another four to five times through early 2020 as the Federal Reserve reaches its targets, according to Sam Chandan of Chandan Economics. The good news: the Fed’s plan to tighten monetary policy is at its halfway point and we can expect […]
Commercial Real Estate & Business News October 3, 2018
Plans For 100 Mill Avenue in Tempe Take Shape Renderings for the new development of 100 Mill, a Hines and Cousins joint venture, have been released. Hines, the international real estate firm, and Cousins Properties, an Atlanta-based REIT, are under contract to purchase land and develop 100 Mill Avenue. The 2.5-acre site will include a […]
Commercial Real Estate & Business News October 2, 2018
ULI Forecasts Strong Outlook for CRE Through 2020 The Urban Land Institute has released the ULI Real Estate Economic Forecast, sharing predictions for the U.S. real estate industry through 2020. The results of the semi-annual survey indicate that commercial real estate will remain strong for the balance of 2018 before entering a slightly less robust-albeit […]