Commercial Real Estate & Business News – January 8, 2018
U.S. Added 148,000 Jobs in December; Unemployment at 4.1% The Labor Department on Friday released the latest figures on hiring and unemployment, with another gain capping a year of increasing opportunities for U.S. workers. Last month, 148,000 jobs were added, bringing the average over three months to 204,000. The unemployment rate was 4.1 percent, the same as […]
Commercial Real Estate & Business News – January 5, 2018
Investors Focusing on Fundamentals in New Year to Prepare for Wider Range of Potential Outcomes Investors and lenders are expected to closely monitor property fundamentals in the markets and property sectors they invest in for 2018 as the U.S. economy continues its extended recovery now heading into its 10th year. Despite record low unemployment, increased […]
Commercial Real Estate & Business News – January 4, 2018
Arizona’s Economic Developers Continue to Create Jobs In September, e-commerce giant Amazon announced it was looking for a location to build its second North American Headquarters. Dubbed “HQ2,” the project would total eight-million square feet, employ 50,000 workers and cost $5 billion to build and operate. Many are touting it as the economic development project […]
Commercial Real Estate & Business News – January 3, 2018
Construction Claws Back from Recession, ‘New Normal’ Still Unclear WASHINGTON – It was what one expert called “the mother of all booms.” Just over a decade ago, Arizona’s construction industry was leading the country in residential and commercial building. People were waiting up to a year for a house, even as builders were throwing new […]
Commercial Real Estate & Business News – January 2, 2018
Total Rents Hit New High In 2017 Renters including both apartment and single-family home tenants shelled out a record $485.6 billion in 2017, Zillow said Thursday. That represents an increase of $4.9 billion, or slightly more than 1%, from 2016. “Renters spent more than ever on rent this year, but the amount they spent grew at […]
Commercial Real Estate & Business News – December 29, 2017
Holiday Shopping Rebound Dispels Doomsday Chatter for Retail in 2018 The retail industry is hoping that two months of some of the highest sales in five or six years will carry into 2018 and expunge the bitter aftertaste of record retail bankruptcies and nearly 7,700 store closures in 2017. Retail employment heading into the Christmas […]