Commercial Real Estate & Business News – July 13, 2016
630k SF Medical Facility on Track for Completion Construction on the 630,000-square-foot Medline medical facility distribution center in Phoenix is set for its scheduled completion in September 2006, according to Milt Elmer, vice president of McShane Construction Company’s Southwest Region, the contractor for the project. The new facility will allow Medline to consolidate its existing […]
Commercial Real Estate & Business News – July 12, 2016
Lease Leads To Purchase For Supply Chain Provider After leasing a class-A distribution facility in the heart of Phoenix’s Southeast Valley industrial market for three years, global supply chain leader XPO Supply Chain Inc. has opted to purchase the building. The company formerly known as Menlo Worldwide originally occupied the Lincoln Property Company building in […]
Commercial Real Estate & Business News – July 11, 2016
Land, Land Everywhere In Phoenix But Not A Lot To Build On Metro Phoenix is running out of land – land ready for new homes, that is. There are, of course, thousands and thousands of acres of vacant land in metro Phoenix. But as new-home sales continue to rebound in the Valley, the supply of […]
Commercial Real Estate & Business News – July 8, 2016
Real Estate Fundamentals Look Solid, Says REIT Analyst Most real estate sectors are “looking pretty good” for the second half of the year: Although November’s general election is a “wild card,” the economy remains on a slow-growth track, which is positive for REITs…» Freddie Mac: Over 5 Million Baby Boomers Expect to Rent Next […]
Commercial Real Estate & Business News – July 7, 2016
Arizona Retail Sales Jump Reflects Optimism in Latest Consumer Confidence Poll Arizona consumers have been spending more, and the state’s taxable sales are up 3.5 percent so far for fiscal year 2016 over last fiscal year. The jump in taxable sales through the end of May are reflected in Arizona consumer confidence, with a June […]
Commercial Real Estate & Business News – July 6, 2016
MPF: Rents, Occupancies Rise in 2Q The occupied apartment count across the nation’s 100 largest metros increased by 127,402 units in the second quarter. This is one of the biggest quarterly demand totals posted in recent years, topping 2015’s second-quarter demand volume by 23%, according to MPF. Apartment demand from April to June well surpassed […]