Commercial Real Estate & Business News – August 21, 2017
Fed President Says Interest Rate Hikes are Halfway Done In June, the Fed voted to raise interest rates for the second time this year. The first rate hike occurred in its March meeting, just after deciding to raise rates three months before in December 2016. Williams explained that as the economy continues to improve, it […]
Commercial Real Estate & Business News – August 18, 2017
Solid US Employment, Retail Sales Growth Bode Well for Continued ‘Slower but Steady’ Economic Expansion Tuesday’s Commerce Department report of a major boost in U.S. retail sales in July, combined with a stronger-than-expected jobs report earlier this month, suggests that the U.S. economy continued its slow but steady expansion in the third quarter. Usually, record highs […]
Commercial Real Estate & Business News – August 17, 2017
Do Office Tenants Prefer the City or the Suburbs? It’s Complicated Office building owners and developers pondering how to bridge the urban-suburban gap may want to set their sights on what you might call “urb-suburban” settings. What’s urb-suburban? It’s one way to describe the mash-up of suburban office locations in walkable settings with easy access […]
Commercial Real Estate & Business News – August 16, 2017
Arizona Draws more Baby Boomers than Every State but Florida Sunshine, affordable housing and lower taxes are drawing more Baby Boomers to Arizona. Many in this huge group don’t want to retire like their parents but are picking the same state to do it in. A couple of new rankings show Arizona, and particularly several […]
Commercial Real Estate & Business News – August 15, 2017
Jobs Keep Coming to the Valley PHOENIX – Almost everywhere you look around the Valley, jobs are on the rise. In fact, the University of Arizona Economic and Business Research Center says, “the state continues to outpace the nation in job creation.” The Valley added 60,200 jobs in 2016. Thousands of them were in the […]
Commercial Real Estate & Business News – August 14, 2017
Healthy Job Growth Will Support Steady Absorption in the Office Sector A total of 209,000 new jobs were created in July, more than the 183,000 jobs expected, the U.S. Bureau of Labor Statistics reported last week, and the national unemployment rate fell to 4.3 percent. The number of employed Americans hit a new high of […]