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 […]
Commercial Real Estate & Business News June 11, 2018
CyrusOne Acquires 70-Acre Site for 2nd Phoenix Facility CyrusOne has selected a site in Mesa, Ariz., for a second data center campus in the Phoenix metro. The company acquired a 68.2-acre plot of land within the Mesa Elliot Technology Park and plans to build a five-building cloud computing facility. The facility will eventually be able […]
Commercial Real Estate & Business News June 8, 2018
U.S. Real Estate Sector Confidence Grows After nearly a decade of tracking executive sentiment in commercial real estate, data by top U.S. law firm Akerman LLP show industry leaders display unwavering optimism about America’s economic strength. Nearly 70 percent of executives and investors surveyed in the ninth annual Akerman U.S. Real Estate Sector Report say […]
Commercial Real Estate & Business News June 7, 2018
Phoenix Suburb Selected as Top US Destination for Retirees PHOENIX – Move over, Florida: A Phoenix suburb was recently selected as one of the top destinations for retirees. Tempe will be featured in the latest issue of Where To Retire, a nationwide magazine that aims to help people decide where they want to relocate after […]