Commercial Real Estate & Business News – December 16, 2014
PREA Members Forecast Improvement for CRE Industry in 2015 The good times for commercial real estate are likely to keep going a little longer, according to experts surveyed for the latest Consensus Forecast survey from the Pension Real Estate Association (PREA). ?Forecasters continue to become more optimistic for 2015,? says Greg MacKinnon, director of research […]
Commercial Real Estate & Business News – December 15, 2014
Economy Watch: Retail Sales, Household Net Worth, Unemployment Claims The Census Bureau reported on Thursday that U.S. retail and food services sales for November came in at $449.3 billion, an increase of 0.7 percent from the previous month, and 5.1 percent above November 2013. The September-to-October 2014 percent change was revised from a gain of […]
Commercial Real Estate & Business News – December 12, 2014
Holiday Shopping Boosts US Retail Sales U.S. retail sales perked up in November, as cheaper gas and an improving job market fueled a promising start to the holiday shopping season. Retail sales rose a seasonally-adjusted 0.7 percent, the most in eight months, the Commerce Department said Thursday. Falling gasoline prices dented gas stations receipts by […]
Commercial Real Estate & Business News – December 11, 2014
Chicago Company Buys Scottsdale Four Seasons for $140M Strategic Hotels paid $140 million for the 210-room, AAA Five diamond destination. The Four Seasons is on a 40-acre piece of land in north Scottsdale and has contractual access to the Troon North Golf Club, which is adjacent to the hotel… Read more » North Phoenix Office Center Sells […]
Commercial Real Estate & Business News – December 10, 2014
Phoenix: A Sunny Outlook Employment and real estate bounce back from the depths of the Great Recession: Phoenix stands as the exception to the still-dreary economic news coming out of Arizona. Unemployment has fallen to 6%, the real estate market has mostly rebounded… Read more » Snoozing and Losing: Dearth of Shovel-Ready Development Hurts Phoenix Rebound, Business […]
Commercial Real Estate & Business News – December 9, 2014
Speculative Offices, Restaurants, Business Hotel Coming to $700M Development in Chandler A San Diego developer is building speculative office, retail and restaurant space in Chandler along with a new 210-room hotel. The move is part of the build-out of a $700 million, 150-acre development near the junction of the Loops 101 and 202 in the […]