Commercial Real Estate & Business News – February 2, 2018
Signs of the Time: How Amazon is Driving Real Estate and What it Means Amazon.com Inc. (Nasdaq: AMZN) is now the largest industrial real estate tenant in the Phoenix regional market as e-commerce led by the Seattle-based giant becomes a bigger and bigger part of the U.S. economy. Mike Petrivelli, CoStar’s regional research analyst, said […]
CCIM|IREM ECONOMIC FORECAST 2018 SUMMARY OF INSIGHTS
This annual event is a great way to get insight into the local commercial real estate market. Each year for over the past 10 years the Central AZ CCIM Chapter and local IREM Chapter are able to get the local experts from each commercial real estate product type to discuss what happened the previous year, […]
Commercial Real Estate & Business News – January 31, 2018
Arizona Lands $1B Electric Semi-truck Plant, 2,000 Jobs Nikola Motor Co. has picked Arizona for a $1 billion, 2,000-job manufacturing plant and will also move its research and development and headquarters operations to Buckeye. The plant will be west of Phoenix and sit on 500 acres. Nikola will make hydrogen-electric semi-trucks at the planned Arizona […]
Commercial Real Estate & Business News – January 30, 2018
Four Predictions for Student Housing in 2018 For the student housing sector, 2018 should once again prove a strong year, according to industry experts. College attendance is not slowing-even if graduate school applications decrease amid a low national unemployment rate. However, there are still issues to watch out for, particularly in certain markets seeing a […]
Commercial Real Estate & Business News – January 29, 2018
Industrial Tops Returns In NCREIF Index Industrial assets among the 7,527 commercial properties indexed by the National Council of Real Estate Investment Fiduciaries posted the highest returns in the fourth quarter, NCREIF said Thursday afternoon. The sector’s leading status carries over to 12-month results, for which industrial was the only property type in the NCREIF Property Index […]
Commercial Real Estate & Business News – January 26, 2018
CRE Volume Dips Amid Buyer/Seller Pricing Gap NEW YORK CITY-US commercial property sales declined 7% year over year in dollar volume to $463.9 billion in 2017, says Real Capital Analytics. However, in contrast to a decade ago, the decline in volume was accompanied by an almost equal Y-O-Y rise in pricing, to 7.1%. As the […]