Commercial Real Estate & Business News August 22, 2018
Report: Multifamily Remains Attractive to Investors While multifamily construction activity remains at record highs and certain markets suffer from overheated rents and pricing, investors are still eager for multifamily developments and projects, according to a new report by CRE global online marketplace Real Capital Markets (RCM). Based on surveys and follow-up interviews with capital investors, […]
Commercial Real Estate & Business News August 21, 2018
Arizona’s Unemployment Rate Dips to 4.6 Percent in July PHOENIX (AP) – Arizona’s unemployment rate has dipped slightly. The Arizona Office of Economic Opportunity reported Thursday that the state’s seasonally adjusted unemployment rate decreased to 4.6 percent in July from 4.7 percent in June. The office says the state’s economy lost 17,500 nonfarm jobs in […]
Commercial Real Estate & Business News August 20, 2018
9 New Hotels coming to Scottsdale, with Six in Old Town Old Town Scottsdale will get its first new hotel in a decade, plus five more. City planners in metro Phoenix’s tourist hotspot say nine new hotels are in various stages of planning, including one in north Scottsdale, six in Old Town and two farther […]
Commercial Real Estate & Business News August 17, 2018
Consumer Spending is Keeping Retailers Healthy, but for How Long? “Consumers will start seeing higher prices from the steel and aluminum tariffs probably this quarter,” warned one retail analyst. Americans are in shop-til-you-drop mode, buoyed by a series of economic tailwinds that are yielding dividends for retailers. With a rising tide lifting much of the […]
Commercial Real Estate & Business News August 16, 2018
Small Business Optimism at 35-Year High Small business owners’ optimism touched a 35-year high in July, with businesses setting records in terms of job creation and hiring, while they cited the availability of qualified workers as their biggest challenge. In another signal of just how good this economy is, the small business owners also noted […]
Commercial Real Estate & Business News August 15, 2018
3 Valley Cities Each Have 1,000-Plus Homes Approved for Construction More than 11,000 single-family permits have been issued by municipalities throughout metro Phoenix during the first six months of the year, an increase of 18 percent from a year earlier. Phoenix had the most with 1,955 permits to build homes through June, a 48 percent […]