Commercial Real Estate & Business News – April 9, 2015
Commercial Property Values Now 14% Above 2007 Peak: Report U.S. commercial property values have been nothing if not consistent in the past half decade, steadily ticking upward. Real estate research firm Green Street Advisors reported Tuesday that commercial property values in March were 11% above March 2014, and unchanged from February. In all, values have […]
Commercial Real Estate & Business News – April 8, 2015
Will Congress Act on Multifamily Legislation? CRE Industry Still Hopes So There?s still a sliver of a chance that Congress will take action this year on matters important to the apartment business, but the odds of action get longer all the time. ?The general consensus is that there is no consensus and nothing will get […]
Commercial Real Estate & Business News – April 7, 2015
US Pending Home Sales Reach Highest Level Since June 2013 Pending home sales in the United States in February increased to their highest level since June 2013, according to the latest figures from the National Association of Realtors. Sizeable gains in the Midwest and West offset smaller declines in the Northeast and South and overall […]
Commercial Real Estate & Business News – April 6, 2015
U.S. Centers Hit Record Occupancy in 2014 2014 was a banner year for the U.S. shopping center industry, with surging occupancy rates and strong growth in rents and net operating income (NOI), according to research from ICSC and NCREIF. “Record growth in key indicators such as occupancy and NOI strongly indicate a healthy outlook and […]
Commercial Real Estate & Business News – April 3, 2015
Why Older Millennials Are Leaving the Urban Core and Younger Millennials Aren’t Far Behind Millennials are going to shun material goods, never own a car, and live in small spaces in utopian urban cores riding their bicycles or taking public transportation to their green, open-space offices. Forever! This, or something like it, is the conventional […]
Commercial Real Estate & Business News – April 2, 2015
Popular Restaurant Center On Scottsdale Road Sells For $14m The Marketplace at Lincoln & Scottsdale has sold for $14 million. The restaurant-heavy retail center sits on the border of Paradise Valley and Scottsdale at the intersection of Lincoln Drive and Scottsdale Road. The center totals 22,081 square feet and includes restaurants Scramble, Sumo Maya and […]