Commercial Real Estate & Business News – December 19, 2017
How to Survive Retail’s Next Phase While many of this year’s headlines warned of retail’s demise, the overall sentiment about the sector’s future was much more optimistic at the 2017 International Council of Shopping Center’s (ICSC) annual New York Deal Making event last week. But industry experts and panelists across the board did recognize retail […]
Commercial Real Estate & Business News – December 18, 2017
Strong November Raises Retailers’ Hopes for Holidays Retail sales in November increased 0.9% over October on a seasonally adjusted basis and were up 6% year-over-year, according to the National Retail Federation. Online and other non-store sales increased 10.5% year-over-year…» Phoenix Land and Housing Forecast: Vitality at Last Greg Vogel, CEO at Land Advisors Organization, described […]
Commercial Real Estate & Business News – December 15, 2017
Retail Sales Surge in November U.S. retail and food services sales were up by 0.8 percent in November compared with October, the Census Bureau reported Nov. 14. That was more than expected, and since the bureau adjusts for seasonal variation and holiday and trading-day differences, though not for price changes, the fact that the holidays are […]
Commercial Real Estate & Business News – December 14, 2017
Fed Ups Interest Rates, Feels Good About Economic Outlook Yes, the Federal Open Market Committee (FOMC) did what nearly everyone who pays attention to interest rates expected today: It stepped up the overnight rate that banks charge each other by a quarter-point, to a range of 1.25% to 1.50%. Known as the benchmark rate, the […]
Commercial Real Estate & Business News – December 13, 2017
Construction Backlog Surges, Sets 3rd-Quarter Record Providing more evidence of a strengthening economy, Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) set a record as it expanded to 9.45 months during the third quarter of 2017, up 9.8 percent from the second quarter to the longest backlog reading in the eight-year history of the […]
Commercial Real Estate & Business News – December 12, 2017
Healthcare Trends to Watch in Real Estate Despite the uncertainty surrounding healthcare reform and the future of the Affordable Care Act, an increased focus on improving population health and affordability is here to stay. By making smart decisions about the right place to deliver the right care, hospitals and patients alike can benefit from reduced […]