Commercial Real Estate & Business News October 4, 2018
Expect Interest Rates to Increase Through 2020 Interest rates are likely going to rise another four to five times through early 2020 as the Federal Reserve reaches its targets, according to Sam Chandan of Chandan Economics. The good news: the Fed’s plan to tighten monetary policy is at its halfway point and we can expect […]
Commercial Real Estate & Business News October 3, 2018
Plans For 100 Mill Avenue in Tempe Take Shape Renderings for the new development of 100 Mill, a Hines and Cousins joint venture, have been released. Hines, the international real estate firm, and Cousins Properties, an Atlanta-based REIT, are under contract to purchase land and develop 100 Mill Avenue. The 2.5-acre site will include a […]
Commercial Real Estate & Business News October 2, 2018
ULI Forecasts Strong Outlook for CRE Through 2020 The Urban Land Institute has released the ULI Real Estate Economic Forecast, sharing predictions for the U.S. real estate industry through 2020. The results of the semi-annual survey indicate that commercial real estate will remain strong for the balance of 2018 before entering a slightly less robust-albeit […]
Commercial Real Estate & Business News October 1, 2018
Mixed-Use Project Proposed for Vacant Mesa Retail Center The Mesa City Council will weigh in on a proposed 16-acre redevelopment plan known as Fiesta Village at its Oct. 1 meeting. The site, at the northwest corner of Alma School Road and Southern Avenue, currently is a vacant retail center. Plans submitted to the city propose […]
Commercial Real Estate & Business News September 28, 2018
High-Tax, High-Cost States Drive In-Migration in Phoenix Maricopa County, which contains about 90 percent of metropolitan Phoenix’s residents, was the fastest-growing county in the U.S. last year. Strong domestic in-migration continued to drive population growth that more than doubled the national average. In addition to warm weather and a low cost of living, prospective residents […]
Commercial Real Estate & Business News September 27, 2018
Fed Raises Key Rate to Range of 2% to 2.25%, Keeps Forecast for 4 hikes in 2018 WASHINGTON – The economy has been cruising lately and so the Fed is tapping on the brakes once again. Upgrading its economic outlook, the Federal Reserve on Wednesday raised its key short-term interest rate by a quarter point […]