Commercial Real Estate & Business News December 10, 2019

CoStar Economy: About That Surprisingly Good Jobs Report That sound you hear is the furious scribbling of economists revising down their forecast for recession. Two weeks ago we wrote that there may be some troubling signs of slowdown in the jobs market. Nearly everything since then has suggested otherwise. Employers hired a net 266,000 employees in November, the most in a single month since January, and even with an…»
Oversupply in the Seniors Housing Sector Starting to Ease, Research Shows
Overdevelopment still affects the seniors housing sector, but industry experts are seeing inventory growth decelerating. “Oversupply continues to plague the senior housing industry. The bad news is the supply is still elevated,” says Lukas Hartwich, lead senior housing analyst at Green Street Advisors, a real estate research firm based in…»
SoftBank-Backed Startup Looks to Take on Amazon in Cashierless Retail
A group led by Japan’s SoftBank Group provided $30 million to back a company creating technologies aimed at helping commercial real estate developers compete with retailer Amazon in rolling out small, cashierless retail stores. The company, called Accel Robotics, landed the backing as part of its Series A funding, which is the first round of…»
U-Haul is Building New Multi-million-dollar Facility in Phoenix
U-Haul International is ready to break ground on a multi-million-dollar conference and fitness center, which is set to be the showpiece of its ongoing campus expansion in Midtown Phoenix.The two-story, state-of-the-art facility will be stationed along Roanoke Avenue between Central Avenue and 3rd Street, just east of the U-Haul corporate towers. It is scheduled for…»
Scottsdale City Council Unanimous in Support of Gentry on the Green
A project seeking to redevelop a multifamily residential area in the heart of Scottsdale has been met with overwhelming, unanimous approval by city officials. On Nov. 3, the Scottsdale City Council voted 7-0 to approve a major General Plan amendment to construct mixed-use development, Gentry on the Green, upon 41.5 acres. The request is for a…»