Commercial Real Estate & Business News – November 17, 2017
Retail Sales Inch Up in October U.S. retail sales edged up slightly in the month before the holiday shopping season starts in earnest. Retail sales in October rose 0.1% over September, and were up 4.3% year-over-year, according to the National Retail Federation. The NRF numbers exclude automobiles, gasoline stations and restaurants…» Top 10 Cities With […]
Commercial Real Estate & Business News – November 16, 2017
Gates of Sprawl: Bill Gates $80M Arizona Bet for ‘Smart City’ Could Prompt New Wave of Sprawl and Land Rush Along Proposed Freeway Microsoft (Nasdaq: MSFT) founder Bill Gates’ – the richest person in the world until recently being passed by Amazon.com (Nasdaq: AMZN) CEO Jeff Bezos – $80 million buy-in of close to 25,000 […]
Commercial Real Estate & Business News – November 15, 2017
Hilton Opens Dual-Branded Hotel in Tempe, AZ Hilton has opened a new 228-key hotel in Tempe, Ariz. The property operates under two of the company’s brands, Garden Inn and Home2 Suites. Developed and owned by RB-WW Tempe LLC and managed by Widewaters Tempe Hotel Management Co., the new lodging facility is situated next to Arizona […]
Commercial Real Estate & Business News – November 14, 2017
Elliott D. Pollack & Company Economic Data The overall economic picture remains quite positive. Recent data has generally beat expectations. Financial conditions remain very positive given record highs in the stock market. The value of the dollar continues to decline which makes our exports look better. Labor markets continue to tighten as unemployment reached a […]
Commercial Real Estate & Business News – November 13, 2017
Economy Watch: Nonresidential Planning Ticks Up in October The Dodge Momentum Index rose in October, climbing 13.2 percent to 130.9 (2000 =100) from the revised September reading of 115.6, according to Dodge Data & Analytics. The move higher in October nearly reversed the erosion of the past four months (including September’s sizable decline), with […]
Commercial Real Estate & Business News – November 10, 2017
THANK YOU TO ALL THE MEN AND WOMEN THAT ARE SERVING AND HAVE SERVED THIS GREAT COUNTRY! Closing of Weakest Stores by Retailers Ultimately Expected to Benefit US Shopping Center Performance The U.S. national retail vacancy rate ticked up 10 basis points for the second consecutive quarter to reach 5.2% in the third quarter of […]