Commercial Real Estate & Business News May 7, 2018
The U.S. Unemployment Rate Is Now the Lowest It’s Been This Century U.S. hiring rebounded in April and the unemployment rate dropped below 4% for the first time since 2000, while wage gains unexpectedly cooled, suggesting the labor market still has slack to absorb. Payrolls rose 164,000 after an upwardly revised 135,000 advance, Labor Department […]
Commercial Real Estate & Business News May 4, 2018
Economy Watch: Demand for Construction Workers Rises The national construction unemployment rate was 7.4 percent, the lowest national March rate on record. At the same time, the construction industry employed 246,000 more workers this March than in March 2017, ABC reported…» Small Businesses Making a Big Mark in the Phoenix Area Small businesses make up […]
Commercial Real Estate & Business News May 3, 2018
Expansion in Arizona Economy Fuels Job Growth in Key Industries Employment is on the rise in Arizona and nearly every industry of the state’s economy is adding jobs every month, according to a Regional Intelligence Report presented at the recent Alliance Bank of Arizona 2018 Economic Forum. From January 2017 to January 2018, mining […]
Commercial Real Estate & Business News May 2, 2018
Multifamily Investment in Phoenix off to Blistering Start Rising interest rates and all-time high prices have not curbed the bullish outlook of apartment investors in Phoenix. In what has historically been one of the slowest quarters for investment, this year’s first quarter sales volume was at its highest mark in more than a decade, […]
Commercial Real Estate & Business News May 1, 2018
Pimco Continues Push Into Alternatives with Commercial Real Estate Debt Fund Pacific Investment Management Co. is raising money for a new, multibillion-dollar commercial real estate debt fund, the bond manager’s latest foray into more lucrative – and less liquid – markets, people familiar with the matter said. Pimco Commercial Real Estate Debt, or PCRED, will […]
Commercial Real Estate & Business News April 30, 2018
U.S. Industrial Vacancy Rate Hits Record Low in 2017 as Technology, Consumer Tastes Change IRVINE, CALIF. – Industrial vacancies hit an all-time low in 2017, as changes in technology and consumer habits drove demand for distribution and warehousing space, according to Ten-X Commercial’s U.S. Industrial Market Outlook. The biannual report indicated that the national vacancy […]