Commercial Real Estate & Business News – January 23, 2015
Economy Watch: More Evidence of Apartments Still Having Long Runway Any time a boom lasts more than a short while, the question naturally surfaces: How much longer can this go on? Doesn?t the party have to end sometime? All good times do come to an end, but in the case of the running boom for […]
Commercial Real Estate & Business News – January 22, 2015
Retail Sales Expected to Rise 4.5% in 2015 The outlook for the retail industry looks bright, with lower prices at the pump and decreasing unemployment boding well for consumer spending. Retail sales are expected to rise 4.5% in 2015, which is about one percentage point stronger than 2014 growth, according to a report by Kantar […]
Commercial Real Estate & Business News – January 21, 2015
Economy Watch: Low Inflation Generally Positive for CRE On Friday, the Bureau of Labor Statistics reported that the CPI was down 0.4 percent in December. That?s the steepest drop in that particular metric since 2008, which has seen modest increases during most months, and for most years has been staying under 2 percent, which happens […]
Commercial Real Estate & Business News – January 20, 2015
Improving Job Market Leads to Office Sector Success With businesses finally embracing expansion in 2014, the office sector posted its best performance in years, according to fourth quarter statistics. And the outlook for 2015 remains bright. Office vacancy averaged 13.9 percent nationally in the fourth quarter, 100 basis points lower than at year-end 2013, marking […]
Commercial Real Estate & Business News – January 19, 2015
Martin Luther King, Jr. in a speech titled “Beyond Vietnam,” delivered April 4, 1967, in New York, he showed he didn’t see anything through rose-colored glasses, and admitted that he wasn’t super hopeful about the US’s prospects in Southeast Asia: “The world now demands a maturity of America that we may not be able to achieve.” […]
Commercial Real Estate & Business News – January 16, 2015
Meritex Developing Industrial Project Near Chandler Airport After entering the Valley market last year with the purchase of an industrial project in the Deer Valley area of north Phoenix, Meritex Enterprises Inc. in Minneapolis, Mn. (Paddy McNeely, CEO) is now going to develop and industrial project in Chandler. Meritex plans to develop 210,926 sq. ft. […]