Commercial Real Estate & Business News – October 17, 2016
Economy Watch: Retail Sales Bounce Back in September Both physical and nonstore retail sales are up for the year, with e-commerce continuing its decade-long pattern of growth. U.S. retail and food services sales for September surged upward for the month by 0.6 percent compared with August, the Census Bureau reported on Friday. Compared with September […]
Commercial Real Estate & Business News – October 14, 2016
Economy Watch: Fed Divided on Interest Rates Central bankers seem to be in disagreement about how to proceed with raising the currently ultra-low interest rates, based on The Federal Open Market Committee recently released minutes of its Sept. 20-21 meeting. Some FOMC members believe that waiting might lead to later larger rate increases-and another recession […]
Commercial Real Estate & Business News – October 13, 2016
Economic Experts Expect Steady Growth, Low Unemployment for 2017 Steady, improving employment numbers at both the local and national levels are the highlight of an ongoing, eight-year economic recovery, which saw unemployment as high as 10 percent. With unemployment hovering around 5 percent now, top Valley economists say this is likely “as good as it’s […]
Commercial Real Estate & Business News – October 12, 2016
Apartment Building Prices Continue to Rise, Surprising the Market Prices for apartment buildings continue to rise relative to property incomes-months after the market seemed to have peaked. Investors continue to offer higher and higher prices for apartment properties relative to the income the properties produce. After a slow beginning to the year, cap rates […]
Commercial Real Estate & Business News – October 11, 2016
Clothing Boutique from Owners of The Duce to Open at Uptown Plaza Uptown Plaza in Phoenix will welcome a new clothing store later this month from the duo behind a popular downtown Phoenix restaurant and bar. The couple that owns the Duce in downtown will open a standalone R&R Surplus at the recently renovated Uptown […]
Commercial Real Estate & Business News – October 10, 2016
Scottsdale Galleria’s 25-year Saga Takes a Turn as a Tech Hub About 25 years ago, an opulent shopping center with posh shops, a walk-through aquarium and an IMAX theater, the likes of which was not found anywhere else in Arizona, opened in the heart of Scottsdale. The city’s main drag, Scottsdale Road, was realigned to […]