Commercial Real Estate & Business News – August 21, 2015
Phoenix Ranks As Sixth Best U.s. Real Estate Market Phoenix ranks sixth on a new national ranking of the best U.S. markets for real estate investments. Houston-based commercial real estate firm Situs RERC ranked 48 U.S. metro areas on the attractiveness of their commercial real estate markets for future investments. Phoenix came in sixth behind […]
Commercial Real Estate & Business News – August 20, 2015
Banner Health Construction Projects Total $1.5 Billion This Year Phoenix-based Banner Health is Arizona’s largest private employer ? and about to get bigger. With operations in seven states, Banner has 337 active projects on its books totaling $1.5 billion, with $1.2 billion of those projects in Arizona. That’s not counting the $500 million patient tower […]
Commercial Real Estate & Business News – August 19, 2015
Good News: Homeowners Spend Like it’s 2006 U.S. housing is finally lifting itself off the mat. The latest evidence came from Home Depot (HD). The world’s largest home improvement retailer on Tuesday revealed it experienced a record number of transactions in the last three months. On average, shoppers spent more than at any point since […]
Commercial Real Estate & Business News – August 18, 2015
Arizona Consumers Feeling Best Since Downturn Began in 2007 An improving job market has helped push Arizona?s consumer confidence back to pre-recession levels, a new survey has found. The latest measure shows the state?s attitudes lag the nation?s more optimistic sentiment, and Arizona?s good feelings are concentrated in Maricopa County. Still, the highest statewide reading […]
Commercial Real Estate & Business News – August 17, 2015
Phoenix Outlook Strong Despite Losing Mega-job Projects Losing a couple of mega-job projects to other markets is a real hurt for metro Phoenix. This is especially true when both of the projects were naturals for the Valley. There?s more to the story of why two companies that would have generated around 3,000 high-paying jobs did […]
Commercial Real Estate & Business News – August 14, 2015
More Restaurant Chains Cooking Up Plans to Cash In on Real Estate With CRE property values near or exceeding their eight-year-ago peak valuations, several restaurant chains have cooked up plans to cash out on some of their owned eateries. This past week, Wendy’s International Inc. and Bloomin’ Brands, owner of Outback Steakhouse, Carrabba’s Italian Grill […]