Commercial Real Estate & Business News – November 21, 2017
Office Demand Forecast Takes Upward Turn The report notes that the current economic expansion has now lasted for more than eight years and the consensus of economists is for it to continue for “at least one more year, if not two.” Signs of significant overinvestment or overheating in the economy-the forces that normally predict recessions-have […]
Commercial Real Estate & Business News – November 20, 2017
Specialty Retailers Bring Retail REITs Early Holiday Cheer Heading into the holiday shopping season, the story around retail isn’t all gloom and doom. Especially after a handful of impressive quarterly earnings reports last week, which boosted overall industry moral. My hope is that the momentum will spill over to retailers’ landlords, too, which have been […]
Commercial Real Estate & Business News – November 17, 2017
Retail Sales Inch Up in October U.S. retail sales edged up slightly in the month before the holiday shopping season starts in earnest. Retail sales in October rose 0.1% over September, and were up 4.3% year-over-year, according to the National Retail Federation. The NRF numbers exclude automobiles, gasoline stations and restaurants…» Top 10 Cities With […]
Commercial Real Estate & Business News – November 16, 2017
Gates of Sprawl: Bill Gates $80M Arizona Bet for ‘Smart City’ Could Prompt New Wave of Sprawl and Land Rush Along Proposed Freeway Microsoft (Nasdaq: MSFT) founder Bill Gates’ – the richest person in the world until recently being passed by Amazon.com (Nasdaq: AMZN) CEO Jeff Bezos – $80 million buy-in of close to 25,000 […]
Commercial Real Estate & Business News – November 15, 2017
Hilton Opens Dual-Branded Hotel in Tempe, AZ Hilton has opened a new 228-key hotel in Tempe, Ariz. The property operates under two of the company’s brands, Garden Inn and Home2 Suites. Developed and owned by RB-WW Tempe LLC and managed by Widewaters Tempe Hotel Management Co., the new lodging facility is situated next to Arizona […]
Commercial Real Estate & Business News – November 14, 2017
Elliott D. Pollack & Company Economic Data The overall economic picture remains quite positive. Recent data has generally beat expectations. Financial conditions remain very positive given record highs in the stock market. The value of the dollar continues to decline which makes our exports look better. Labor markets continue to tighten as unemployment reached a […]