Commercial Real Estate & Business News – April 28, 2016

Housing remains the bright spot in a darkening economic outlook according to Freddie Mac’s economists. Though they have revised their forecast for economic growth downward in the latest edition of the company’s Outlook they are still forecasting housing will retain its momentum in 2016. First quarter data painted “a bleak picture” of economic growth the report says. Information on consumer spending, manufacturing, auto and retail sales…Read more »
Earlier this year, we shared news that Sam Fox would be opening a brand-new concept in the Valley, off 44th Street and Indian School Road. And though the details of that concept are still unclear, we now know a bit more about the upcoming shopping center the restaurant will sit in, as well as who its neighbors will be… Read more »
Millennials, often burdened with student loan debt and at the early stages of their careers, often choose to rent over buying. But now that Bank of America has launched a program with Freddie Mac to issue new mortgages for low- and middle-income earners, could the homeownership program help reverse the Millennial rental trend—and eat into multifamily profits? First, let’s take a quick look at what exactly the mortgage program does… Read more »
he Southeast Regional Association of REALTORS (SEVRAR), the largest realty association in Arizona, has purchased a 3.1 acre site for its office headquarters at Chandler Airport Center. The site was purchased for a build-to-suit office and conference facility, and the project has an expected completion date of early 2018…Read more »
With a proud history of revitalizing retail centers, De Rito Partners Development, Inc. is excited to announce the ongoing redevelopment and re-tenant efforts at Arcadia Fiesta, located at the southwest corner of 32nd Street and Indian School Road in Phoenix. “The new center will bring a fresh and newly upgraded shopping experience to this neighborhood… Read more »