Commercial Real Estate & Business News – April 10, 2017
Construction Employment Increases by 6,000 in March to Highest Level Since 2008 Construction employment increased by 6,000 jobs in March as a February hiring surge prompted by mild winter weather in much of the country prompted firms to hire fewer people last month, according to an analysis of new government data by the Associated General […]
Commercial Real Estate & Business News – April 7, 2017
Need to Improve a Shopping Center? Just Add These For many, the answers involves luxury apartments and a boutique hotel. If any shopping center is undergoing improvements, you can bet they’ll be adding at least one of these things. Scottsdale Fashion Square and Arizona Center, which have been around for decades, both plan to add […]
Commercial Real Estate & Business News – April 6, 2017
Report: 2,500 Tech Jobs Added in Arizona in 2016 More techies are working in Arizona. The state’s technology sector added an estimated 2,545 new jobs last year, according to a recent report based on an analysis of data from U.S. Bureau of Labor Statistics, the U.S. Bureau of Economic Analysis, EMSI, and other sources…» Job […]
Commercial Real Estate & Business News – March 31, 2017
Institutional Investors Coming Around to Student Housing Once an overlooked niche, the student housing sector is attracting increased attention from major investors, who see the sector as offering less rental growth volatility and a recession-resistant hedge to conventional apartments. …» Apartment Market Slumps as Supply Surges Apartment landlords across the U.S. struggled through a tough […]
Commercial Real Estate & Business News – March 30, 2017
Investors Still Willing to Bet Big on Mall Turnarounds While owners of shopping malls have been grappling with department store closings for several years, the pace of closings has recently accelerated, marking a turning point in the speed of the fundamental changes reshaping the traditional mall sector. Chains such as Sears, Macy’s and JCPenney are […]
Commercial Real Estate & Business News – March 29, 2017
Phoenix Job Growth Projected to Double U.S. Average The regional job market could improve this year and Phoenix is expected to rank among top U.S. markets for employment gains in 2017. That is according to a report by commercial real estate firm Marcus & Millichap(NYSE: MMI). Phoenix is expected to see 2.8 percent job growth […]