Commercial Real Estate & Business News – September 1, 2017
Moody’s: Amazon May Actually Be the Weakest Major Retailer Despite headlines that Amazon (AMZN) is “eating the retail world,” a new report from Moody’s Investors Service suggests the e-commerce giant may be the weakest of the big retailers. The Moody’s report continues: “And even based on that measure, one could argue that Amazon has been […]
Commercial Real Estate & Business News – August 31, 2017
Scottsdale Approves 150-Foot Towers in Fashion Square Mall Expansion One month after Scottsdale Fashion Square unveiled plans for a 12-phase renovation and expansion that would affect every square foot of the mall, the Scottsdale City Council voted to let property owners build 150-foot towers on the north end of the property…» Chewy.com joining Amazon, Macy’s, […]
Commercial Real Estate & Business News – August 30, 2017
U.S. Second-Quarter GDP Revised Up, Fastest in Over Two Years The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter. Gross domestic product increased at a 3.0 percent […]
Commercial Real Estate & Business News – August 29, 2017
Elliott Pollack: The Monday Morning Quarterback To put it mildly, the current expansion is no spring chicken. At 96 months, it is the third longest recovery/expansion on record. The longest is 120 months (March 1991-March 2001). The second longest is 106 months (February 1961-December 1969). And even that one was marked by what was called a “growth […]
Commercial Real Estate & Business News – August 28, 2017
Think Rates Are Going Up? Banks Don’t After years of waiting for interest rates to rise, some banks have started to lend as if they never will, loading up on a record amount of loans and securities that carry low rates for years. The percentage of bank assets that won’t mature or change rates for […]
Commercial Real Estate & Business News – August 25, 2017
Overlooked Urban Locations Can Be Hidden Goldmines for Developers Phoenix traditionally has been a market that can become overbuilt fairly quickly. But if you’re laser focused on specific neighborhoods in the city and its tertiary markets, an abundance of opportunities await. The Central Corridor, for instance, morphed into a very dynamic locale after the Valley […]