Commercial Real Estate & Business News October 19, 2018
U.S. Economy Still on a Strong Growth Path, Leading Indicator Find, Though Dangers Lurk The numbers: The U.S. rolled into the fall on a “strong growth trajectory,” though the economy could slow in 2019 if weakness in the housing and stock markets persist, according to an index that measures the nation’s economic health. The leading […]
Commercial Real Estate & Business News October 18, 2018
5,700 More Apartment Units Planned for Downtown Phoenix The downtown Phoenix skyline is about to undergo a dramatic change as more than 5,700 apartment units are under construction or being planned in this revitalized section of town. The downtown Phoenix area has gone from barely maintaining an eight-hour economy to truly being an 18-hour economy, […]
Commercial Real Estate & Business News October 17, 2018
US Economic Outlook vs the Rest of the Globe is Brightest in 11 Years The U.S. is putting more distance between itself and the rest of the world in terms of growth expectations from professional investors. The news keeps getting worse for global economic prospects, with respondents to the Bank of America Merrill Lynch Fund […]
Commercial Real Estate & Business News October 16, 2018
221K People Relocated to Metro Phoenix From 2012-2017 With the middle-class squeezed by the rising cost of living, particularly housing costs, many average-earners find it an onerous endeavor to create a decent life for themselves and their families. Living in a big metro like New York or Los Angeles may come with a high income […]
Commercial Real Estate & Business News October 15, 2018
With Bankruptcy Looming, What you Need to Know About the Phoenix-area Sears Stores Sears Holding Corp. (NASDAQ: SHLD) is preparing a bankruptcy filing, according to multiple media reports, and depending on how that goes it could leave multiple big-box retail stores vacant around the Phoenix area. The Wall Street Journal reported the financially troubled department […]
Commercial Real Estate & Business News October 12, 2018
Phoenix Trends Higher among U.S. Real Estate Markets to Watch, Report Says When experts think of cities to watch for overall real estate prospects next year, Phoenix falls right in the middle of the pack. A study and survey done by PricewaterhouseCoopers and the Urban Land Institute ranked Phoenix 29th in overall real estate prospects […]