Commercial Real Estate & Business News – June 21, 2017
Canadian Firm Enters Market with $41.81 Million Deal for 194 Apartments in Tempe Tempe – Brass Enterprises Inc. in Toronto, Ontario, Canada (Ephry Merkur, pres.) has entered the Valley multi-family market with the $41.81 million ($215,515 per unit) acquisition of the 194-unit Aura on Broadway apartments at 1221 E. Broadway Road in Tempe…» Fed’s Fischer […]
Commercial Real Estate & Business News – June 20, 2017
Home Sales Pop, Construction Permits up in a ‘Seriously Strong Housing Month’ New home sales jumped more than 28 percent in May, construction permits were up 18 percent and existing homes sale were up more than 13 percent compared to a year ago. That is according to the much-watched RL Brown Housing Reports research report […]
Commercial Real Estate & Business News – June 19, 2017
Amazon Acquires Whole Foods In Game-Changing Deal for Retail Real Estate In its first large-scale push into brick-and-mortar retail, Amazon (Nasdaq: AMZN) announced it has agreed to buy Whole Foods Market, Inc. (Nasdaq:WFM) in an all-cash merger transaction valued at $13.7 billion. …» Phoenix a Hot City for Available Tech Jobs Phoenix has been ranked […]
Commercial Real Estate & Business News – June 16, 2017
Fed Boosts Rates In June: Here’s What Commercial Real Estate Players Need To Know In a move that was of little surprise to commercial real estate experts, the Federal Reserve raised short-term interest rates for the third time in six months. The quarter-point move boosted rates to a range of 1% to 1.25%. Though this […]
Commercial Real Estate & Business News – June 15, 2017
The 20 Hottest Cities for Tech Jobs Now Job search site ZipRecruiter recently analyzed its database of more than 8 million active jobs, and ranked the 20 fastest-growing tech markets based on year-over-year data. Job growth for engineering, software, and IT roles may be losing steam in the Bay Area, but smaller cities are picking […]
Commercial Real Estate & Business News – June 14, 2017
Few Cracks Showing in the Apartment Sector Average apartment rents are increasing across the country. And despite all the new units that have become available, renters keep showing up to leasing offices, keeping the average vacancy rate in the sector relatively low. “Stabilization is a word that comes up over and over,” says Greg Willett, […]