Commercial Real Estate & Business News – October 17, 2017
Analysis: September Sales Bode Well for Holiday Overall, September was a good month for retail sales with a substantial rise in spending supported by both higher gas prices and an increase in the number of people buying vehicles. Outside of these two segments, especially in pure retail and foodservice, spending also ticked up albeit to […]
Commercial Real Estate & Business News – October 16, 2017
Economy Watch: U.S. Economy Strong, But Susceptible to Geopolitical Risk The U.S. economy has enjoyed stable, long-term growth in recent years, yet remains vulnerable to federal government dysfunction or aggressive Federal Reserve moves. August marked 83 consecutive months of U.S. job growth-the longest run on record-though it was finally broken with a small loss in […]
Commercial Real Estate & Business News – October 13, 2017
How Amazon will Further Alter Retail and Real Estate in Phoenix Judi Butterworth, Sanford Burstyn and Ryan Sarbinoff say malls and shopping centers – and the retailers within them – will look very different in as little as three years. It’s fallout and realignment of the retail and commercial real estate sectors in the Phoenix […]
Commercial Real Estate & Business News – October 12, 2017
Kroger Explores Sale Of C-Store Business The nation’s largest grocery operator by revenue is exploring a sale of its convenience store business. The Kroger Co. said Wednesday it had hired Goldman Sachs to identify, review and evaluate options for its 784 C-store properties, which operate under five different banners in 18 states. …» Phoenix Industrial Market on Pace […]
Commercial Real Estate & Business News – October 11, 2017
How to Increase the ROI of Today’s Grocery-Anchored Retai It’s an inexorable fact of human existence that some people can adapt well to change and others struggle. It is no different in the world of real estate. Brick-and-mortar infrastructure has historically evolved based on the needs, utility and technological innovation of the populations it serves. […]
Commercial Real Estate & Business News – October 10, 2017
Office Continues ‘Slow, Steady Improvement’ Office vacancies declined 10 basis points during the third quarter to a national average of 12.9%, CBRE said Monday. Driving the improvements were suburban markets, continuing a trend seen over the past few quarters. Specifically, suburban office vacancies shed 20 bps to end Q3 at 14.1%, while for CBDs the quarterly […]