Commercial Real Estate & Business News – November 13, 2015
5 New Projects That Will Change Downtown Scottsdale The development flurry that is remaking downtown Scottsdale into one of the Valley’s hottest places for new housing and office space is showing no signs of letting up. Several development projects worth more than $100 million combined are proposed in and around Old Town, with construction of […]
Commercial Real Estate & Business News – November 12, 2015
After Leading CMBS Out of Recession, Retail Loans Slower To Refinance For all of their success in leading a resurgence of CMBS financing following the Great Recession, retail properties face a tougher rode ahead in the short term. Approximately $50 billion of retail-backed CMBS loans are scheduled to mature through 2016. Collateral backed by retail […]
Commercial Real Estate & Business News – November 11, 2015
HAPPY VETERAN’S DAY! Positive October Jobs Report Bittersweet for Commercial Real Estate Industry After disappointing reports by the U.S. Bureau of Labor Statistics in August and September, hiring has surged with employers adding 271,000 new payroll jobs last month, far surpassing the 185,000 jobs forecasted in Bloomberg’s survey of economists. Revisions to the August and […]
Commercial Real Estate & Business News – November 10, 2015
Expect The First Interest Rate Increase In 9.5 Years It was a good week for the economy. The employment news was good, not only because the October numbers were well above expectations, but, August employment was revised upward. In addition the unemployment rate declined to 5.0% and the underemployment rate broke the 10% barrier. In […]
Commercial Real Estate & Business News – November 9, 2015
Study: Arizona Is A Top Destination For Relocating California Businesses Arizona has been found to be one of the top destinations in the nation for businesses relocating from California, according to the Phoenix Business Journal. According to a recent study from Spectrum Location Solutions, Arizona was one of the top destinations for relocating California businesses […]
Commercial Real Estate & Business News – November 6, 2015
As Retail Finally Enters Recovery, More Investors Backing Malls, High-End Shopping Centers A variety of factors, including rising rental rates, stronger tenant sales and a dwindling supply of quality well-located shopping center space, are causing U.S. and offshore investors to move back into the retail real estate sector, the last of the four major commercial […]