Commercial Real Estate & Business News August 30, 2018
Jerry Colangelo Becomes a Game-Changer in CRE Jerry Colangelo prides himself on being a storyteller. “I have lots of stories,” says Colangelo, a partner in JDM Partners, a Phoenix-based real estate development company. “I should have lots of stories. I was around when nothing existed.” Most of Colangelo’s stories stem from his time as one […]
Commercial Real Estate & Business News August 29, 2018
Despite Rising Interest Rates, Multifamily Investors Still Confident in the Strength of Market Multifamily investors are bullish on the strength of the market, according to the recent findings of the Mid-Year Berkadia Powerhouse Poll, conducted by the lending firm in July. Even with many disruptive market factors, like rising interest rates and an uncertain political […]
Commercial Real Estate & Business News August 28, 2018
Walmart in New Online Move to Attract Millennials, More Upscale Shoppers Walmart is expanding its digital marketplace to attract more higher-end and younger shoppers to its e-commerce site – and give it more firepower against Amazon. On Monday, the discount giant launched a curated online store on its website for outdoor brand Moosejaw, which Walmart […]
Commercial Real Estate & Business News August 27, 2018
Arizona Economic Growth Likely to Accelerate, New Report Says Economic conditions have improved “dramatically” in recent months for Arizona and the nation, and state-growth projections have been revised upward, according to a new report produced by the Governor’s Office. But the prospect of rising interest rates and inflation could dampen the outlook a year or […]
Commercial Real Estate & Business News August 24, 2018
MBA: Multifamily and Commercial Loan Originations on the Rise According to a report from Mortgage Bankers Association, in the second quarter, commercial and multifamily mortgage loan originations rose by 4% year-over-year and soared past the first quarter with a 32% surge in originations. “Commercial and multifamily real estate borrowing and lending continues to track with […]
Commercial Real Estate & Business News August 23, 2018
Target Posts Strongest Quarter in More than a Decade Riding a wave of record in-store customer traffic and impressive digital growth, Target’s second-quarter results announced today marked the retailer’s strongest quarter in more than a decade. The company reported that sales at stores open for at least a year increased 6.5%, the most in 13 […]