Commercial Real Estate & Business News – January 26, 2016
ULI Trends Day Offers Encouragement Nearly 1,000 attendees packed the Grand Canyon Ballroom at the J.W. Marriot Phoenix Desert Ridge Resort to hear insights from top-tier presenters at the Urban Land Institute Arizona 11th Annual Trends Day on Wednesday. Experts and leaders in economics, social trends, education, politics and other disciplines kept a brisk pace […]
Commercial Real Estate & Business News – January 25, 2016
Arizona Ends 2015 On Strong Job Growth Arizona recorded a strong year for job growth in 2015, according to data from the Arizona Department of Administration. The state added 65,700 jobs last year, good for a strong 2.5 percent growth. Total employment in Arizona hit 2.71 million last month. In year-over-year hiring, professional and business […]
Commercial Real Estate & Business News – January 22, 2016
Lending Forecast: GSEs Should Break Volume Records Again in 2016 After record multifamily mortgage-purchasing volumes by Fannie Mae and Freddie Mac in 2015, what can market-rate apartment owners, builders, and buyers—and competing lenders—expect from the government-sponsored enterprises (GSEs) and their originations networks in the coming year? In a word: more… Read more » Rents Are Pretty Much […]
Commercial Real Estate & Business News – January 21, 2016
High Street Development in Phoenix Could Be Up for Sale The High Street development in Phoenix could soon be up for sale. The suburban development was originally called CityNorth. It is next to Desert Ridge Marketplace in north Phoenix near Loop 101 and Tatum Boulevard. CityNorth was foreclosed on in 2010. Portland-based ScanlanKemperBard Cos. and […]
Commercial Real Estate & Business News – January 20, 2016
CRE Price Indexes Reach New Heights in Latest Readings The latest readings are out for the Moody’s/RCA, Green Street and CoStar commercial real estate price indices. All three showed prices increasing for the time period they measured. Here are some takeaways from each organization’s most recent report… Read more » Commercial Real Estate Bubble Feared Due to […]
Commercial Real Estate & Business News – January 19, 2016
What is the 2016 Commercial Real Estate Outlook? Much like Han Solo, however, experts see something in the slow, yet steadily rising Phoenix market — “She may not look like much, but she’s got it where it counts, kid.” Phoenix’s 2016 commercial real estate industry is getting ready for another smooth-inclined ride, and with any […]