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 […]
Commercial Real Estate & Business News – March 16, 2015
U.S. Household Net Worth Posts Biggest Gain in a Year Rising stock prices and home values pushed the net worth of U.S. households higher in the fourth quarter, a reassuring sign for the outlook for consumer spending. The increase added $1.52 trillion to the total wealth of American families, putting it at $82.91 trillion, a […]
Commercial Real Estate & Business News – March 13, 2015
Apartment Industry Contributes $9.9B to Phoenix Economy The apartment industry emerged as one of the strongest sectors coming out of the Great Recession, and a new study shows just how much the Phoenix economy benefited from the rental boom. In 2013 – the latest numbers available – apartment construction, operations and resident spending contributed $9.9 […]