Commercial Real Estate & Business News – December 14, 2016
What’s Ahead for the Fed, at Its Most Important Meeting Yet? The biggest source of speculation at a Fed meeting – whether or not the board will decide to raise interest rates, which it has done only once since 2006 – is all but a foregone conclusion this time. The bigger question is what the […]
Commercial Real Estate & Business News – December 13, 2016
Good for the Economy? Inflation is Finally Perking Up Since the recession, the Federal Reserve has been trying to do something that may seem counterintuitive: push inflation higher. Sure, flat to modest price increases are better for consumers, leaving them more money for discretionary purchases. But little or no inflation over a prolonged period is […]
Commercial Real Estate & Business News – December 12, 2016
Oaktree/Cypress Venture Acquiring Renaissance Square Offices in Downtown Phoenix Oaktree Capital Management L.P. is teaming up with Cypress Office Properties to buy almost 1 million sq. ft. of office space in the Renaissance Square towers located in downtown Phoenix. The joint venture partners will pay an estimated $152 million ($157 per foot) to buy the […]
Commercial Real Estate & Business News – December 9, 2016
Avoiding Past Cycle, US Office Construction Extends Recovery The 135 million square feet of office space under construction across the U.S. at the end of the third quarter only modestly exceeds the long-term historical average of 127 million square feet. Office construction has remained surprisingly ‘in tune’ with market demand, avoiding the boom and bust […]
Commercial Real Estate & Business News – December 8, 2016
2 Apartment Towers Going up next to ASU in Tempe Construction has started on two high-rise apartment towers on a former parking lot next to Arizona State University in downtown Tempe. The development, yet to be named, will include 20-story and 12-story buildings with a total of 407 apartments on the northwestern corner of University […]
Commercial Real Estate & Business News – December 7, 2016
Apartment Vacancy Rate Stays Low, Surprising Researchers Experts warned that hundreds of thousands of new apartments would open in 2016 and drive up the vacancy in the sector. But for most of this year, average vacancy rates stayed low. “The market has proved to be incredibly resilient,”…» Tempe-Scottsdale-Mesa Emerging as Sports and Entertainment Mecca A […]