Commercial Real Estate & Business News – August 16, 2017
Arizona Draws more Baby Boomers than Every State but Florida Sunshine, affordable housing and lower taxes are drawing more Baby Boomers to Arizona. Many in this huge group don’t want to retire like their parents but are picking the same state to do it in. A couple of new rankings show Arizona, and particularly several […]
Commercial Real Estate & Business News – August 15, 2017
Jobs Keep Coming to the Valley PHOENIX – Almost everywhere you look around the Valley, jobs are on the rise. In fact, the University of Arizona Economic and Business Research Center says, “the state continues to outpace the nation in job creation.” The Valley added 60,200 jobs in 2016. Thousands of them were in the […]
Commercial Real Estate & Business News – August 14, 2017
Healthy Job Growth Will Support Steady Absorption in the Office Sector A total of 209,000 new jobs were created in July, more than the 183,000 jobs expected, the U.S. Bureau of Labor Statistics reported last week, and the national unemployment rate fell to 4.3 percent. The number of employed Americans hit a new high of […]
Commercial Real Estate & Business News – August 11, 2017
Stop with the Retail Apocalypse: Mall, Shopping Center Landlords are Tired of Industry Chatter Retail real estate investment trust CEOs have watched many of their stocks fall in recent months, with headlines about the death of malls and physical stores prompting executives to speak out in frustration. Simon, Macerich and GGP hope to convince analysts […]
Commercial Real Estate & Business News – August 10, 2017
Phoenix Real Estate Investment Market Picks up After Slow Start The Greater Phoenix real estate investment market started the year slow, but reversed course during second quarter. The most recent three months posted more property sales, higher prices and compressed cap rates, according to a report released by Colliers International in Greater Phoenix. Sales of […]
Commercial Real Estate & Business News – August 9, 2017
Multifamily Loan Origination Expected to Hit New Record This Year By a number of measures, the multifamily sector continues to defy expectations of ‘cooling down’ over the second half of the year and loan origination projections for multifamily property is now projected to grow for the rest of 2017 and into 2018, according to new […]