Commercial Real Estate & Business News – April 28, 2016
Housing is Economic Bright Spot; Refinance Potential Brighter Housing remains the bright spot in a darkening economic outlook according to Freddie Mac’s economists. Though they have revised their forecast for economic growth downward in the latest edition of the company’s Outlook they are still forecasting housing will retain its momentum in 2016. First quarter data […]
Commercial Real Estate & Business News – April 27, 2016
Has the Apartment Market Hit the Inflection Point? For the last few years, the multifamily asset class has been the top performer of all property types, delivering a per-unit revenue (market rent x occupancy) growth rate of 4.8 percent in 2015. Some markets clearly outperformed others. These included Portland, Ore., San Francisco, Oakland, Calif. and […]
Commercial Real Estate & Business News – April 26, 2016
Leasing Momentum Accelerates at Student Housing Communities Students are quickly signing leases to live at off-campus student housing communities when the new academic year starts this fall, pushing rents higher despite competition from the thousands of new student housing beds that developers plan to deliver. “Pre-leasing is ahead of last year at this time,” says […]
Commercial Real Estate & Business News – April 25, 2016
Arizona Republic 100: State’s Largest Employers in 2016 With little fanfare, Arizona in recent months finally closed the books on the recession, with statewide employment now higher than it was prior to the downturn. Arizona’s largest non-government employers are doing their part, gradually boosting their job totals… Read more » PHX Markets Report Lower Q1 Vacancy The […]
Commercial Real Estate & Business News – April 22, 2016
U.S. Office Market Sending Mixed Signals as Recovery Enters Later Stages The U.S. office market appears to be at the stage in the real estate cycle that analysts often describe as a turning point or tipping point. Overall, the U.S. office market continued to post solid fundamentals during the first quarter, including very strong net […]
Commercial Real Estate & Business News – April 21, 2016
Groundbreaking And Lease Taking Are Themes At Office Park Just as it breaks ground on the first building at The Grand at Papago Park Center, Lincoln Property Company has secured a pre-lease commitment from a major first tenant: leading enterprise application software company SAP America. SAP is currently located in the Scottsdale Galleria, but will […]