Commercial Real Estate & Business News June 19, 2018
Rent-A-Center Accepts $1.4 Billion Take-Private Buyout Offer Rent-to-own giant Rent-A-Center Inc. has agreed to a merger deal with Vintage Rodeo Parent LLC, an affiliate of private and public equity investor Vintage Capital Management, to acquire outstanding shares of Rent-A-Center common stock for $15 per share in a deal valued at $1.365 billion, including the company’s […]
Commercial Real Estate & Business News June 18, 2018
Focus in Student Housing Amenities Changes from Luxury to Health and Wellness Lazy rivers, tanning beds, rock-climbing walls-resort-style amenities in student housing may be falling out of fashion as the sector faces demographic changes and lingering supply-demand imbalances. Some companies that provide student housing say they have seen a shift away from over-the-top amenities that […]
Commercial Real Estate & Business News June 15, 2018
US Retail Sales Post Biggest Gain in Six Months US retail sales grew at the fastest pace for six months in May as tax cuts and rapid corporate hiring bolstered Americans’ incomes. Headline retail sales jumped 0.8 per cent in May from the previous month, the Commerce Department said on Thursday, exceeding expectations for a 0.4 per […]
Commercial Real Estate & Business News June 14, 2018
Fed Decision: Federal Reserve Hikes Rates to Range of 1.75% to 2%, Ups Forecast to 4 Hikes in ’18 WASHINGTON– The economy is revving up and so the Federal Reserve is stepping up its plan to move interest rates closer to normal. As anticipated, the Fed raised its benchmark short-term interest rate Wednesday but it also upgraded […]
Commercial Real Estate & Business News June 13, 2018
Interest Rates vs Cap Rates: Will Fed Rate Hikes Put More Pressure on Pricing? The mid-year rate hike is already baked into strategies for most investors and shouldn’t cause any major surprises or hiccups on pending deals. It seems almost a “sure thing” that the Fed will pull the trigger on another 25-basis point rate […]
Commercial Real Estate & Business News June 12, 2018
Banner Health to Build New Hospital in Chandler PHOENIX, ARIZ. – Banner Health will soon begin construction on a new, comprehensive medical center in the Southeast Valley. While Banner Health is a leading health care provider in the broader Southeast Valley, this will be the first Chandler hospital for the non-profit health care system. The […]