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 […]
Commercial Real Estate & Business News October 11, 2018
How Grocery Stores Play a Significant Role in Phoenix Retail Real Estate As some retailers are struggling with increased competition from online stores and some brick-and-mortar businesses are filing for bankruptcy protection and closing stores – including Mattress Firm this past week – there is plenty to worry about in the industry. But in Phoenix, […]
Commercial Real Estate & Business News October 10, 2018
Apartment Rent Growth Accelerates in the Third Quarter of 2018 Apartments rents are on the rise again. “The apartment market’s performance during the third quarter slightly surpassed expectations,” according to Greg Willett, chief economist for RealPage Inc., a provider of property management software and services. Demand for apartment units softened slightly in recent years, as […]
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 […]