Commercial Real Estate & Business News – November 15, 2016
Economy Watch: Consumers More Confident in Early November Consumers are feeling a little better about the U.S. economy, or at least they were before the election. The University of Michigan’s Consumer Sentiment Index in early November (91.6) reversed the small October decline to climb to its highest level since mid-2016…» Retail Sales Surge in October […]
Commercial Real Estate & Business News – November 15, 2016
Coyotes, ASU Move Forward in Possible Arena Construction The Coyotes and Arizona State University are taking the first step in the possible construction of a 16,000-plus seat arena at the northwest corner of McClintock Drive and Rio Salado Parkway on Karsten Golf Course…» PhoenixMart Going Vertical at Last PhoenixMart is going vertical at […]
Commercial Real Estate & Business News – November 14, 2016
Average Office Rents Might Keep Rising Until 2018 As more high-rise office buildings open in the major U.S. markets, experts say the new trophy space will provide an added boost to already high average leasing rates in those markets. However, this trend is only expected to last through 2017, with enough new deliveries expected […]
Commercial Real Estate & Business News – November 11, 2016
HAPPY VETERAN’S DAY! Economists, CRE Industry Begin to Assess ‘Trump Effect’ Like many business sectors, the U.S. real estate industry on Wednesday began to grapple with the unexpected economic and regulatory impact of an upcoming Trump presidency after the famous reality TV star and Manhattan real estate mogul defied pundits and pollsters to defeat Hillary […]
Commercial Real Estate & Business News – November 10, 2016
Donald Trump Becomes President; McCain reelected; Arpaio defeated Donald Trump, the real estate mogul and businessman who resonated with white working-class Americans, rode a powerful wave of support on Tuesday in Arizona and across much of the country to become the 45th president of the United States. …» W. P. Carey Inks 15-Property NNN Lease […]
Commercial Real Estate & Business News – November 9, 2016
Two Perspectives On CRE Bank Lending Banks tightened lending standards on commercial real estate loans in the third quarter, according to the Federal Reserve’s October 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices. It noted that: a moderate net fraction of banks reported tightening standards for loans secured by nonfarm nonresidential properties…» Higher […]