Commercial Real Estate & Business News – March 20, 2017
Development Surging Along South Scottsdale’s McDowell Road In recent years, surging development along the McDowell Road corridor has been in the process of replacing vacant commercial lots with mixed-use properties and multifamily residences. In 2016, the Scottsdale City Council approved rezoning for Aire on McDowell and Phase 2 of Skye on McDowell, new residential subdivisions […]
Commercial Real Estate & Business News – March 17, 2017
Economy Watch: Interest Rates Rise, So Does Inflation Unsurprisingly, the Federal Open Market Committee decided to raise interest rates again in March, signaling its optimism about the direction of the U.S. economy…» CRE Sector Adjusts to Rising Interest Rate Environment Citing a strengthening labor market, moderate economic growth and increasing inflation, the Federal Reserve raised […]
Commercial Real Estate & Business News – March 16, 2017
The Fed Raises Interest Rates Again, Saying ‘Economy is Doing Well’ Don’t look now, but nearly eight years after the Great Recession ended, it’s finally starting to feel like a normal economy again, at least judging by the Federal Reserve’s second interest rate hike in three months. The Fed on Wednesday raised its benchmark short-term […]
Commercial Real Estate & Business News – March 15, 2017
Chinese Now The Largest Group Of Foreign Investors In U.S. Commercial Real Estate Chinese investors were the single largest group of foreign investors in commercial real estate in the U.S. last year, with deal volumes reaching a record high of $19.2 billion, up 10% from $17.3 billion in 2015, according to a new report from […]
Commercial Real Estate & Business News – March 14, 2017
Economy Watch: Wealthy Individuals Playing Larger Role in CRE Investment Sales Private investors accounted for nearly 30 percent of all transaction volumes in 2016, with particular interest in residential and commercial properties in some major U.S. cities, according to Knight Frank’s latest wealth report. As an investor class, private investors-including ultra-high and high-net-worth-individuals, as well […]
Commercial Real Estate & Business News – March 13, 2017
Economy Watch: Big Box Industrial Strength to Continue in ’17 For big-box industrial properties in core markets nationwide, fundamentals are exceedingly strong, according to a new report by Colliers International. Last year saw all-time highs in net absorption, leasing, product under construction and product delivered. This year, robust development will probably keep vacancies from rising […]