Commercial Real Estate & Business News – July 28, 2016
Fed Keeps Rates Unchanged – Again The Federal Reserve announced today that it will not raise the interest rate, staying the course amid a disappointing earnings cycle and a post-Brexit landscape. Central bank officials were meeting this week for the first time since Britain jostled the markets by voting to pull out of membership in […]
Commercial Real Estate & Business News – July 27, 2016
Foreign Investors Buy More Apartment Properties International investors still have great reasons to put their money into real estate in the U.S., as the economy here continues to outperform the rest of the world. “In an environment that is regarded both as the safest and most secure in the world, with a strong currency and […]
Commercial Real Estate & Business News – July 26, 2016
Kitchell Starts Industrial Park Expansion Near Sky Harbor The two buildings will be 97,000 square feet and 115,000 square feet, and will join a 17,500-square-foot, two-story office/warehouse building that was recently leased to Super Shuttle International on a long-term basis…» May 2016 Black Knight Home Price Index Climbs Closer to June 2006 Peak According to […]
Commercial Real Estate & Business News – July 25, 2016
Koll Co. Venture Buys Amazon Distribution Center in $74.75 Million Deal In what is the highest price sale of an industrial building in the Valley in four years, a venture formed The Koll Co. in Newport Beach, Calif. (Ray Wirta, CEO) paid $74.75 million ($74.06 per foot) to buy a 1 + million-square-foot distribution center […]
Commercial Real Estate & Business News – July 22, 2016
Existing-Home Sales Hit 9-Year High Sales of existing homes, including for-sale apartments, reached their highest annual pace in more than nine years, the National Association of Realtors saidThursday. With a larger share of first-time buyers than the residential market has seen in nearly four years, June’s tally reached an annualized 5.57 million, the best showing […]
Commercial Real Estate & Business News – July 21, 2016
Midtown Remains Prime Location For Corporate Tenants Phoenix’s Midtown office market remains a prime location for corporate tenants to grow and thrive at affordable rents. This is evidenced by a recent 19,380-square-foot lease renewal and expansion completed at the BMO Tower at Central Arts Plaza on behalf of tax accountant and CPA firm Eide Bailly […]