Commercial Real Estate & Business News – May 6, 2016
CRE Prices Post Modest Increases as Investors Dial Back Sales Activity in First-Quarter 2016 As the cooling effect of higher cost of debt and elevated prices factored into market sentiment earlier this year the results are showing up in the readings of the CoStar Commercial Repeat-Sale Indices (CCRSI), reflecting a slow down in activity from […]
Commercial Real Estate & Business News – May 5, 2016
Retail Center is Part of $2B Ritz-Carlton Project Five Star Development announced Wednesday its detailed plans to develop a retail and dining destination, The Palmeraie, in the heart of Scottsdale that will be connected to the $2 billion Ritz-Carlton, Paradise Valley master-planned community. The initial phase of The Palmeraie will encompass approximately 160,000 square feet […]
Commercial Real Estate & Business News – May 4, 2016
Phoenix Ranks Amont 17 Top Performing Industrial Markets Supply and demand metrics for Phoenix have been steadily improving. This market ought to see good performance in its industrial sector, which contributed 19 percent of total employment numbers for Phoenix recently. Vacancy is slowly dropping and is projected to reach 10.1 percent for 2016… Read more » Caterpillar […]
Commercial Real Estate & Business News – May 3, 2016
Report: March Construction Starts See Increase Dodge Data & Analytics reported on March construction starts in the metropolitan statistical area of Phoenix-Mesa-Scottsdale, consisting of Maricopa and Pinal counties. According to the Dodge’s data, construction spending in 2016 on nonresidential properties totaled $158,064,000, a four percent increase from 2015’s $152,534,000…Read more » Affordable Metro Phoenix Areas are Beginning […]
Commercial Real Estate & Business News – May 2, 2016
U.S. Retail Vacancy Steady at 7.9 Percent in First Quarter: Report Demand for shopping center space is so high that, despite the first quarter’s having the highest number of store closures of any quarter since 2010, vacancy levels remained steady at 7.9 percent over the previous month…Read more » Easing Rent Growth? Not Yet The moderation in […]
Commercial Real Estate & Business News – April 29, 2016
Suburban Office Heats Up as CBD Demand Spills Over into Outlying Markets Tenant interest in suburban office space is finally ramping up, with many suburban office markets starting to see gains in net absorption, occupancy and rental rates after watching their urban counterparts enjoy steady gains over the past several years. While it may be […]