Commercial Real Estate & Business News – May 31, 2017
Phoenix Crafting Big Downtown Parking/Transit Deal to Bring in Large Employer Quicken Loans is taking a big step toward a big operations and employment move to downtown Phoenix. The Phoenix City Council will consider entering into a parking deal with the mortgage firm at its meeting tomorrow. The deal entails Quicken Loans leasing 1,100 parking […]
Commercial Real Estate & Business News – May 30, 2017
New-Home Sales in Phoenix Area Up 22 percent; Rising Prices Are Not Far Behind Rising interest rates, and the expectation home prices will rise soon, spurred a lot more people to buy new houses in metro Phoenix during the past month. It’s a nice boost for the Valley’s homebuilding market that’s still recovering from the […]
Commercial Real Estate & Business News – May 26, 2017
Phoenix Tops US in Population Growth Phoenix is tops in the U.S. for population growth, according to new data from the U.S. Census Bureau. Phoenix added 32,113 persons to its population between July 2015 and July 2016. That’s more than any other city in the U.S. Los Angeles added 27,173, San Antonio 24,473 and New […]
Commercial Real Estate & Business News – May 25, 2017
Deal for CrackerJax Land Brewing in Scottsdale A deal is brewing and could close soon on the much-watched CrackerJax land in Scottsdale. The land is currently home to the CrackerJax Family Fun and Sports Park on Scottsdale Road south of Bell Road…» Seven Takeaways from ICSC RECon 2017, Day Two While most of the buzz […]
Commercial Real Estate & Business News – May 24, 2017
Seven Takeaways from the ICSC RECon Show 2017, Day One The retail real estate industry is undergoing a permanent change, driven by a shift in consumer preferences and the excessive amount of retail space per person in the U.S., according to the attendees of ICSC’s RECon 2017 show in Las Vegas. …» Fitch: Multifamily Is […]
Commercial Real Estate & Business News – May 19, 2017
Resilient Big-Box Tenants Positioned to Backfill US Power Center Vacancies Don’t look now but ‘big box’ retail centers are defying expectations and managing to find replacements to fill their cavernous shopping spaces. Following consecutive rounds of bankruptcies and liquidations by such previous big box stalwarts as Borders, Circuit City and Linens N Things…» $30M, 280-acre […]