Commercial Real Estate & Business News – August 29, 2017
Elliott Pollack: The Monday Morning Quarterback To put it mildly, the current expansion is no spring chicken. At 96 months, it is the third longest recovery/expansion on record. The longest is 120 months (March 1991-March 2001). The second longest is 106 months (February 1961-December 1969). And even that one was marked by what was called a “growth […]
Commercial Real Estate & Business News – August 28, 2017
Think Rates Are Going Up? Banks Don’t After years of waiting for interest rates to rise, some banks have started to lend as if they never will, loading up on a record amount of loans and securities that carry low rates for years. The percentage of bank assets that won’t mature or change rates for […]
Commercial Real Estate & Business News – August 25, 2017
Overlooked Urban Locations Can Be Hidden Goldmines for Developers Phoenix traditionally has been a market that can become overbuilt fairly quickly. But if you’re laser focused on specific neighborhoods in the city and its tertiary markets, an abundance of opportunities await. The Central Corridor, for instance, morphed into a very dynamic locale after the Valley […]
Commercial Real Estate & Business News – August 24, 2017
Phoenix Housing Has Strongest Quarter in a Decade Builders started 16,663 homes between the end of 2Q16 and 2Q17, of which 4,632 started in the second quarter. That was the highest number of quarterly starts since 3Q07, or almost 10 years – and a jump of 15.7% over the same quarter a year ago, and […]
Commercial Real Estate & Business News – August 23, 2017
Steady Ahead for Arizona, US Economies, says San Francisco Fed President In the wake of tough talk from President Donald Trump toward North Korea and Senate Majority Leader Mitch McConnell, Sen. Jeff Flake, a Republican and sometimes outspoken critic of the president, says he’s willing to give him “a little space.” The gradual, if not […]
Commercial Real Estate & Business News – August 22, 2017
$8 Billion Reasons to Save Key Tax Deferment from Reform Ax Internal Revenue Code Section 1031 exchanges, more commonly known as “1031s” or “like-kind exchanges,” are a nearly century-old tax deferment mechanism that may be targeted for elimination or curtailment under several tax reform proposals being considered in Congress…» Food Halls, The Hottest Retail Niche […]