Commercial Real Estate & Business News – August 3, 2017
Amazon’s Whole Foods Purchase May Mean More Brick-and-Mortar Retail Options Amazon’s recent acquisition of Whole Foods has prompted a new outlook on the classic brick and mortar structure. Online stores are now more actively seeking to gain presence in brick and mortar stores just as brick and mortar stores are seeking to have a bigger […]
Commercial Real Estate & Business News – August 2, 2017
CMBS Late-Pays Retreat In July NEW YORK CITY-Well, that didn’t take long. July’s plunge in the CMBS delinquency rate erased nearly all of the steep 28-basis point climb that late-pays experienced in June, Trepp LLC reported Tuesday. That being said, delinquencies have been trending upward on both a year-over-year and year-to-date basis. June’s increase to 5.75% […]
Commercial Real Estate & Business News – August 1, 2017
$50M Development Coming to Gilbert A joint venture between BB Living Residential and real estate developer Mike Zerbib has bought 20 acres of land in Gilbert for a 216-unit homes-for-rent development. BB Living and Zerbib bought the land for approximately $4.7 million from Colony. The buyers are both based in Scottsdale. Bret Rinehart, Ben Heglie […]
Commercial Real Estate & Business News – July 31, 2017
Retail Cap Rates Stay Stable in the Second Quarter In spite of persistent trend of rising store closings, retail cap rates stayed largely flat in the second quarter of 2017, according to data collected by commercial real estate services firm CBRE. On the national level, cap rates average 6.8 percent-a one basis point increase from […]
Commercial Real Estate & Business News – July 28, 2017
First Half Economic Score is Pretty Good for Arizona By all accounts, economic growth was slow nationally during the first quarter at only 0.7 percent. That’s a big drop from the 2.1 percent growth experienced by in the last quarter of 2016 – and way off from President Donald Trump’s promise of 3 percent growth during […]
Commercial Real Estate & Business News – July 27, 2017
New Apt. Supply Lags Demand In Biggest Metros SAN FRANCISCO-With concerns in the air about overbuilding in some markets, the flip side is undersupply, which may be considerably more widespread. A new report from Apartment List says that only 10 of the nation’s 50 largest metro areas have produced enough new housing to keep pace […]