Commercial Real Estate & Business News – October 20, 2017
Arizona Jobless Rate Lowest Since 2008 Arizona’s unemployment rate came in at 4.7 percent last month, according to new data from the Arizona Office of Economic Opportunity. That is the lowest unemployment rate since January 2008 and is being touted by Gov. Doug Ducey. The Phoenix metro area jobless rate is 4 percent. The U.S […]
Commercial Real Estate & Business News – October 19, 2017
Institutional Investors Raise Their Targets for Real Estate Allocations Institutional investors’ target allocations to real estate averaged 10.1 percent this year, up from 9.9 percent in 2016, a new report finds…» PB Bell Begins Construction on AZ Senior Housing P.B. Bell, in partnership with Cadence Senior Living, will begin construction on Inspira Arrowhead, a senior […]
Commercial Real Estate & Business News – October 18, 2017
Economy Watch: Office Vacancies Continue Slow Decline There was a little less vacant office space in the U.S. at the end of the third quarter. The national vacancy rate, according to the company, dropped 10 basis points (bps) quarter-over-quarter, down to 12.9 percent. Continuing a recent pattern, suburban office markets continued to set the pace […]
Commercial Real Estate & Business News – October 17, 2017
Analysis: September Sales Bode Well for Holiday Overall, September was a good month for retail sales with a substantial rise in spending supported by both higher gas prices and an increase in the number of people buying vehicles. Outside of these two segments, especially in pure retail and foodservice, spending also ticked up albeit to […]
Commercial Real Estate & Business News – October 16, 2017
Economy Watch: U.S. Economy Strong, But Susceptible to Geopolitical Risk The U.S. economy has enjoyed stable, long-term growth in recent years, yet remains vulnerable to federal government dysfunction or aggressive Federal Reserve moves. August marked 83 consecutive months of U.S. job growth-the longest run on record-though it was finally broken with a small loss in […]
Commercial Real Estate & Business News – October 13, 2017
How Amazon will Further Alter Retail and Real Estate in Phoenix Judi Butterworth, Sanford Burstyn and Ryan Sarbinoff say malls and shopping centers – and the retailers within them – will look very different in as little as three years. It’s fallout and realignment of the retail and commercial real estate sectors in the Phoenix […]