Commercial Real Estate & Business News – March 26, 2015
Research Suggests Apartments Contribute $1.3 Trillion to U.S. Economy The NMHC published a report this year indicating that the apartment industry contributes $1.3 trillion in economic activity to the U.S. economy every year, which translates into 12 million jobs. That total includes $100 billion in construction spending, $190 billion in operating apartment communities and $1 […]
Commercial Real Estate & Business News – March 25, 2015
$200M Infill Developments Coming to Old Town Scottsdale, Central Avenue Scottsdale-based Deco Communities has $200 million worth of new infill condominium developments underway or in the works in Old Town and central Phoenix. That includes a new Phoenix project on Central Avenue near Thomas Road… Read more » Fresh & Easy to Close 5 Arizona Locations Five […]
Commercial Real Estate & Business News – March 20, 2015
Off-Price Retail Sector Growing Fast Off-price chains that sell high-profile brands and designer goods for 20 to 60 percent below department and specialty store prices, are outperforming much of the retail sector; they are growing faster than competitors and are gaining market share. The sector?s popularity surged during the recession and has stayed popular now […]
Commercial Real Estate & Business News – March 19, 2015
Fed Meeting Indicates Rates Could Rise, But Maybe Not in June Counting on further improvement in the job market and rising inflation, the Federal Reserve Open Market Committee indicated it was moving closer to raising interest rates this year, though the changes likely won?t come for a few months, Bloomberg reports. Fed chairman Janet Yellen […]
Commercial Real Estate & Business News – March 18, 2015
Uptown Plaza Strips Back to its Midcentury Modern Past There are lots of conversations these days about how to preserve, enhance and contribute to an authentic sense of place in our urban core. And while not all projects are as successful as some would like, increasingly we’re seeing innovative, adaptive reuse renovations along the Central […]
Commercial Real Estate & Business News – March 17, 2015
Mayor Makes Case for Light Rail Expansion For Phoenix Mayor Greg Stanton, a proposed $17.5B sales tax measure to extend Valley Metro light rail to South Mountain, the Arizona Capitol, Metrocenter, Grand Canyon University and Arizona State University?s West campus isn?t about some kind of lasting legacy of his tenure at City Hall…. Read more » Phoenix […]