Commercial Real Estate & Business News – October 25, 2017
CA Ventures Breaks Ground on Mixed-Use Development The LINK PHX The Shepley Bulfinch-designed residential tower will be built on part of a 1.3-acre vacant lot at the northeast corner of 3rd and Pierce streets, adjacent to the Phoenix Biomedical Campus and a short walk from the Broadway/Central Valley Metro light rail stop, which provides service […]
Commercial Real Estate & Business News – October 24, 2017
Forecast: Commercial to Grow ‘Moderately’ Through 2019 A recent forecast out of the Urban Land Institute’s (ULI) Center for Capital Markets and Real Estate predicts moderate growth for the commercial real estate industry through 2019. The ULI Real Estate Economic Forecast, a semi-annual projection based on survey responses, anticipates commercial real estate will see $450 billion […]
Commercial Real Estate & Business News – October 23, 2017
Phoenix Moves up in Business Journals’ Annual Economic Index When compared to the economic health of the largest 100 metro areas in the U.S., Phoenix is in the upper half. No. 26, to be exact, according to the latest data from American City Business Journals – the parent company of the Phoenix Business Journal – […]
Commercial Real Estate & Business News – October 20, 2017
Arizona Jobless Rate Lowest Since 2008 Arizona’s unemployment rate came in at 4.7 percent last month, according to new data from the Arizona Office of Economic Opportunity. That is the lowest unemployment rate since January 2008 and is being touted by Gov. Doug Ducey. The Phoenix metro area jobless rate is 4 percent. The U.S […]
Commercial Real Estate & Business News – October 19, 2017
Institutional Investors Raise Their Targets for Real Estate Allocations Institutional investors’ target allocations to real estate averaged 10.1 percent this year, up from 9.9 percent in 2016, a new report finds…» PB Bell Begins Construction on AZ Senior Housing P.B. Bell, in partnership with Cadence Senior Living, will begin construction on Inspira Arrowhead, a senior […]
Commercial Real Estate & Business News – October 18, 2017
Economy Watch: Office Vacancies Continue Slow Decline There was a little less vacant office space in the U.S. at the end of the third quarter. The national vacancy rate, according to the company, dropped 10 basis points (bps) quarter-over-quarter, down to 12.9 percent. Continuing a recent pattern, suburban office markets continued to set the pace […]