Commercial Real Estate & Business News – October 21, 2015
Fundamentals Remain Strong for U.S. Real Estate Despite a jumpy stock market and shaky global conditions, the U.S. economy appears to be on solid ground for the near future, according to the latest ULI Real Estate Consensus Forecast. During panel discussion at the ULI Fall Meeting, three of the real estate industry’s leading economic experts […]
Commercial Real Estate & Business News – October 20, 2015
Former Tesco-Owned Chain Fresh & Easy Likely to File for Second Bankruptcy Fresh & Easy Neighborhood Market, a former Tesco Plc-owned grocery chain, is preparing its second bankruptcy filing in two years, reports Bloomberg Business. An application could be filed as soon as next week, however some claim that if the supermarket can find a […]
Commercial Real Estate & Business News – October 19, 2015
Scottsdale’s Papago Plaza Sells, Renovations Planned The Papago Plaza shopping center at McDowell and Scottsdale roads in Scottsdale has finally sold. A sale of the well-known and in-need-of-reboot shopping plaza has been in the work for a while. Pivot Development bought Papago from Bert B. Malouf LLC and William B. Malouf LLC for $12.5 million… […]
Commercial Real Estate & Business News – October 16, 2015
ULI Forecast: Small Business Job Growth is Altering Commercial Real Estate Industry The commercial real estate industry is increasingly focused on the needs of small firms employing fewer than 50 people, where job growth is outpacing larger firms by nearly five to one, according to Emerging Trends in Real Estate 2016, an annual real estate […]
Commercial Real Estate & Business News – October 15, 2015
Commercial Property Price Growth Continues To Heat Up Through Summer While construction has been rising in many markets, aggregate demand across the major property types continues to outstrip supply, resulting in lower vacancy rates and rent growth. This, in turn, continues to drive strong investor interest in commercial real estate, according to the latest CoStar […]
Commercial Real Estate & Business News – October 14, 2015
Industrial Users Shift to New From BTS It’s the latest example of users shifting away from build-to-suit and toward the Valley’s existing, though dwindling, inventory of modern, available space. The latest is a 552,330-square-foot industrial lease located at 7037 W. Van Buren St. that will fully occupy the building. The lease, completed by Lincoln Property […]