Commercial Real Estate & Business News April 9, 2018

The March employment numbers were a disappointment, but only relative to extremely optimistic expectations. The basic story of a robust United States job market remains very much intact – though with an important asterisk. Sure, the United States added only 103,000 jobs in March, down from the blockbuster 326,000 in February. Yes, the unemployment rate was unchanged rather than declining further as forecasters had expected…»

The private investment landscape is experiencing tremendous growth and investor demand for direct access to passive commercial real estate (CRE) investments is exploding. Investors are seeing the benefits of exposure to alternative assets, and commercial real estate is leading the way as a favored asset class. As investors jump in, a common challenge they face is understanding what to look for in a passive CRE investment…»

High-income renters looking for prestigious places to stay will find their best opportunities in Scottsdale and Tempe, according to the 2018 edition of the Phoenix Business Journal’s Exclusive Apartments list, which was published today. Yardi Matrix provided the rent figures for the 25 highest-priced apartment complexes in the Phoenix area, ranked by highest rate for a one-bedroom apartment…»

Over the past two decades, Fiesta Village has fallen into disrepair and is now little more than a mass of deteriorating buildings and weed-wracked parking lots that was called “public enemy No. 1” and “the worst of the worst” by former city councilmen Dennis Kavanaugh and Dave Richins, respectively. Overshadowed by the site’s recent fate is the fact that it once was a thriving shopping center…»