Commercial Real Estate & Business News – September 20, 2017
Fed Survey: 76% Expect Third Rate Hike in December While market prices suggest less certainty, 76 percent of respondents to the CNBC Fed Survey believe the central bank will hike interest rates in December. Various market-based gauges put the probability at 43 to 55 percent. On average, respondents to the survey see two to three […]
Commercial Real Estate & Business News – September 19, 2017
Bright Outlook for Commercial Real Estate Economic growth is set to reduce the commercial real estate vacancy rate to 11.9% over the coming year, the National Association of Realtors forecasts. The 1.1% overall decline is matched by the industrial sector, taking its vacancy rate to 7.8%; while retail will decline 0.4% to 11.4%. Vacancies will […]
Commercial Real Estate & Business News – September 18, 2017
Where Is The Hottest Intersection In Metro Phoenix? A committee came up with the top 10 intersections. The group wouldn’t reveal criteria, only saying it was objective and subjective. Half were in Phoenix, including Central Avenue and Camelback Road. That’s where Craig DeMarco and his partners have opened five restaurants…» Epicenter Will Bring a Mixed-Use […]
Commercial Real Estate & Business News – September 15, 2017
What One Dead Mall Can Teach Another: Turning Phoenix’s First Mall Into a High-Tech Hub Park Central Mall was the first shopping mall to open in Phoenix back in the 1950s. Now as other malls – and retailers – wrestle with the world of Amazon.com (Nasdaq: AMZN) and e-commerce, Park Central is looking at a […]
Commercial Real Estate & Business News – September 14, 2017
Bank Loans Still Available for Apartment Construction, but Caveats Abound Even after a flood of new construction, it is still possible to get a construction loan to build new apartment projects. “Everything is financeable at some level and cost,” says Mark Fisher, senior vice president for CBRE Capital Markets. Developers will open more new rental […]
Commercial Real Estate & Business News – September 13, 2017
REIT Investors Find Bigger Returns in Alternative Property Sectors Investors searching for alpha returns in a maturing real estate cycle are looking beyond the mainstream REITs to some of the outliers, such as data centers, cell towers and manufactured housing. “We’re seeing a lot of non-core REIT sector outperformance,” says Haendel St. Juste, senior REIT […]