Commercial Real Estate & Business News – July 26, 2017
Super Tight Market in California Could Spillover into Arizona The vacancy rate in the Phoenix market for industrial space came in at 9.2 percent in the second quarter, according to Commercial Properties Inc. That is down 4.1 percent from the previous quarter, according to CPI. That looks pretty good and looks even better when compared […]
Commercial Real Estate & Business News – July 25, 2017
Housing Starts, Permits Jump in June Housing starts in June came in 8.3% ahead of May at a seasonally adjusted annual rate of 1,215,000, 2.1% above the June 2016 rate of 1,190,000, the Census Bureau reported Wednesday. Single-family starts were up 6.3% to a rate of 849,000, 10.3% ahead of last June. Building permits in June […]
Commercial Real Estate & Business News – July 24, 2017
How Can We Meet Future Apartment Demand? The NMHC, in partnership with the National Apartment Association, recently launched the Vision 2030 campaign. This new educational and public relations effort focuses on the strong and growing demand for apartments from now through 2030. One of the program’s foundational pieces is a new research report, produced by […]
Commercial Real Estate & Business News – July 21, 2017
Scottsdale Quarter RETAIL Lifestyle Centers Positioned to Help Landlords Weather Industry Upheavals Successful projects like The Grove in Los Angeles or Scottsdale Quarter in Scottsdale can do as much as $800 or $900 in average sales per sq. ft. The Hanover Mall in Massachusetts represents a Boston retail market enjoying a surge of economic growth. […]
Commercial Real Estate & Business News – July 17, 2017
Developer Wants to Build 15-Story Downtown Mesa Apartments, Hotel One of the pioneers who helped reinvigorate downtown Phoenix nearly a decade ago with a risky condo project wants to take another risk – this time in downtown Mesa. Habitat Metro – known for Portland Place Condominiums…» Attacking The Affordability Crisis There’s a downside to the […]
Commercial Real Estate & Business News – July 14, 2017
CRE Industry Turns Up Heat on Congress to Retain Like-Kind Exchanges, Interest Deductibility While health-care reform and the investigation into Russian meddling in the U.S. election took center stage as Congress returned this week from the July 4th recess, Republican lawmakers are also quietly trying to jumpstart discussions on tax reform, including the proposed elimination […]