Commercial Real Estate & Business News – January 8, 2016
Demand For New Homes, Construction Workers In Phoenix Soar Demand for new homes in metro Phoenix is climbing so rapidly that contractors can’t get them built fast enough. New home permits were up more than 40 percent in 2015 from 2014. And an early tally for December shows it will be best month for new […]
Commercial Real Estate & Business News – January 7, 2016
Colony Starwood Completes $7.7B Merger Colony Starwood Homes, the single-family rental REIT created from the merger of Starwood Waypoint Residential Trust and Colony American Homes, began trading on the New York Stock Exchange Wednesday under the SFR symbol. The combined company said Tuesday evening that the merger had been finalized, creating a REIT with an […]
Commercial Real Estate & Business News – January 6, 2016
PHX Sees Growth in Technology Markets With 3.9MSF of office space under construction and the lowest average apartment rent of 37 reported markets, the Phoenix area offers strong appeal to technology firms.According to a recent JLL report, the Loop 101 corridor, also known as the Silicon Desert, offers both challenge and opportunities for tech firms […]
Commercial Real Estate & Business News – January 5, 2016
Rent Hikes Stress Single-Family Renters Rising rents for single-family rental homes are stressing the budgets for many households. “There may not be as much room to raise rents going forward. We are starting to see affordability become an issue,” says Daren Blomquist, vice president with data firm RealtyTrac, which tracks foreclosures. Demand for single-family rental […]
Commercial Real Estate & Business News – January 4, 2016
Consumer Confidence in U.S. Increases More Than Projected Consumer confidence rebounded more than forecast in December as Americans grew more optimistic about the current state of the economy and job market. The Conference Board’s sentiment index climbed to 96.5 from a revised November reading of 92.6 that was higher than previously estimated, the New York-based […]
Commercial Real Estate & Business News – December 31, 2015
HAPPY NEW YEAR! Investors Going Back to Core in 2016, Keeping an Eye On Tech, Energy Sectors and Corporate Downsizing The shift of investor money away from easy price appreciation to current net operating income is already beginning to define the office market of 2016. The change in investment strategy is particluarly evident among pension […]