Commercial Real Estate & Business News – June 5, 2017
MBA: Delinquencies ‘At Or Near Record Lows’ Delinquencies on commercial and multifamily mortgage loans remained flat or decreased in the first quarter, the Mortgage Bankers Association said Thursday. Among the major capital sources, all but CMBS come in below 1%, according to MBA figures…» Unemployment Drops to Lowest Level Post-Recession The unemployment rate has hit […]
Commercial Real Estate & Business News – June 2, 2017
Job Growth in America is ‘Rip-Roaring’ The U.S. labor market continues to beat expectations. In May, the U.S. private sector added 253,000 jobs, according to data from the ADP Research Institute. Economists had expected private payrolls to rise by 180,000 during the month…» Phoenix & Canada: An Underrated North American Business Partnership From […]
Commercial Real Estate & Business News – June 1, 2017
Phoenix’s Tech Scene is Growing – in an old warehouse district PHOENIX – A rusted shell of what once was a produce warehouse is an unlikely setting for a tech renaissance – but it’s happening on a small patch of land a few blocks south of downtown Phoenix. Within the two square miles that house Phoenix’s Warehouse District, there’s ample […]
Commercial Real Estate & Business News – May 31, 2017
Phoenix Crafting Big Downtown Parking/Transit Deal to Bring in Large Employer Quicken Loans is taking a big step toward a big operations and employment move to downtown Phoenix. The Phoenix City Council will consider entering into a parking deal with the mortgage firm at its meeting tomorrow. The deal entails Quicken Loans leasing 1,100 parking […]
Commercial Real Estate & Business News – May 30, 2017
New-Home Sales in Phoenix Area Up 22 percent; Rising Prices Are Not Far Behind Rising interest rates, and the expectation home prices will rise soon, spurred a lot more people to buy new houses in metro Phoenix during the past month. It’s a nice boost for the Valley’s homebuilding market that’s still recovering from the […]
Commercial Real Estate & Business News – May 26, 2017
Phoenix Tops US in Population Growth Phoenix is tops in the U.S. for population growth, according to new data from the U.S. Census Bureau. Phoenix added 32,113 persons to its population between July 2015 and July 2016. That’s more than any other city in the U.S. Los Angeles added 27,173, San Antonio 24,473 and New […]