Commercial Real Estate & Business News – September 3, 2014
America?s 10 Fastest-Growing Retailers After the recession, retailers are growing once again and, increasingly, moving online. In the first quarter of 2014, retail sales were 2.4% higher than the same time the year before, largely helped by a 15% jump in e-commerce sales. Online retail is increasingly accounting for more of America?s shopping. Yet not […]
Commercial Real Estate & Business News – September 2, 2014
Western Multifamily Permits Climb in July Western multifamily building permits echoed increases in overall residential permitting and climbed 27.7 percent in July over June. The increase to 106K permits topped last year?s 104K, and halts a three-month skid… Read more » The New American Dream Is Living in a City, Not Owning a House in the Suburbs […]
Commercial Real Estate & Business News – September 1, 2014
HAPPY LABOR DAY! Smithfield Properties Wins 483KSF, $72.3M Central Station in Phoenix Smithfield Properties is being proposed as the winner of the Phoenix Central Station project. The project appears to be an “air-rights” development over the Central Avenue-Van Buren Street intermodal transit center, which is to be transformed into a 476-unit residential tower attached to […]
Commercial Real Estate & Business News – August 29, 2014
Have a Happy and Safe Labor Day Weekend! Second Wind: Apartment REITs Beat Expectations in 2Q With the exception of California-focused Essex Property Trust and rust belt-based Associated Estates, everyone has a stake in the nation?s capital. And, on the surface, that should be bad news for the sector. With weaker-than-expected job growth and a […]
Commercial Real Estate & Business News – August 28, 2014
Tribe to Break Ground on Casino Near Glendale The Tohono O’odham Nation will break ground tomorrow on its controversial $500 million casino in the West Valley near University of Phoenix Stadium. The Arizona tribe has been in legal and political fights — including with other tribes and U.S. Sens. John McCain and Jeff Flake — over the […]
Commercial Real Estate & Business News – August 27, 2014
Apartment Construction Ominously Nears 25-Year High If you live in a major U.S. city and look out over the skyline, chances are good you’ll see construction cranes. Lots of them. Only twice in the past 25 years have new apartment buildings been going up as fast as they are right now. That’s not necessarily a […]