Commercial Real Estate & Business News – August 9, 2016

Now, construction cranes and new housing, restaurant and retail developments can be found on many of those long-vacant parcels across central Phoenix, Scottsdale, Tempe, Mesa and Glendale. The Valley, an area that for so long has grown outward with new, affordable suburbs, is having an urban revival.…»
There was little not to like in the earnings and cash flow performance of the broad retail REIT sector including the regional malls, community centers and triple net companies. That was the more recent analysis from RBC Capital Markets LLC. According to the firm, operating metrics were sound though softer than previous quarters…»

The rate of homeownership in the U.S. has steadily declined since 2006. It has now reached a 50-year low, according to the U.S. Census Bureau. What does this mean for the growing industry of institutional investors in single-family rentals? “The trend of declining homeownership is an opportunity for institutional owners…»

Arizona just landed its third corporate headquarters relocation this year. Rogers Corp. (NYSE:ROG), an engineered materials solution firm, is moving its global headquarters from namesake Rogers, Connecticut, to Chandler. The company already has a major business and manufacturing process in the city. Bruce D. Hoechner, president and CEO of Rogers, said the decision supports the company’s long-term strategy and is an integral part of its plans for growth and expansion.…»
In contrast to the weak 2nd quarter real GDP numbers that were released about 10 days ago, employment figures that were just released combined with the strong showing in employment in June suggests that the economy is in high gear (or at least in as high of a gear as it’s going to get into in this expansion). Obviously, the stock market seems to be pleased…»