Commercial Real Estate & Business News – January 10, 2017
Apple Plans to Make Servers in Mesa Data Center Apple Inc. plans to assemble servers in the tech company’s large Mesa data center, according to documents made public Monday in the Federal Register. The city of Mesa applied for foreign trade zone status for the facility at Elliot and Signal Butte roads so Apple could […]
Commercial Real Estate & Business News – January 9, 2017
Development Near ASU Will be Aimed at Millennials A unique urban living village will soon be coming to Tempe on the east side of Apache Boulevard, along the light rail line. The Eastline Village, designed for millennial and young urban professionals,is now on its way after the Tempe City Council confirmed a development agreement that […]
Commercial Real Estate & Business News – January 6, 2017
Yardi: Moderating Rent Trends Belie Strong Year of Growth The average U.S. monthly rent dropped to $1,210 in December 2016, down by $4 from November, according to the Matrix Monthly survey by Yardi Matrix. This is the fourth month in a row in which Yardi’s measure of the national average monthly rent has dropped, although […]
Commercial Real Estate & Business News – January 5, 2017
What CRE Finance Will Look Like in 2017 The commercial real estate financing market is facing numerous obstacles this year, ranging from the potential impact of newly implemented regulations to a likely shift in federal monetary policy to shifting solid fundamentals-and whether or not those changes will decrease demand for debt…» Single-Tenant Net Lease Rates […]
Commercial Real Estate & Business News – January 4, 2017
Luxury Apartment Boom Looks Set to Fizzle in 2017 Landlords of upscale properties across the U.S. are bracing for rough conditions in 2017 that will likely force them to slash rents and offer deep concessions as a glut of supply brings a seven-year luxury-apartment boom to an end. …» CMBS Late-Pays Reach 14-Month High Erasing […]
Commercial Real Estate & Business News – January 3, 2017
Joint Efforts Help Create and Capitalize Economic Development When a company relocates to a region, it creates a lot of benefits that spin off to the entire broader region, county and state as a whole. Mayors, city officials, economic development teams and groups are working together to facilitate more economic development opportunities throughout the state […]