Commercial Real Estate & Business News – December 14, 2016

The biggest source of speculation at a Fed meeting – whether or not the board will decide to raise interest rates, which it has done only once since 2006 – is all but a foregone conclusion this time. The bigger question is what the Federal Reserve will do in 2017, and how that will impact the markets, policymakers and ordinary investors under a Trump administration…»

This year is nearly over, and 2017 will being in just a few short weeks. As the year comes to a close, predictions for next year are pouring in. It’s hard to say what the new year will bring with the newly-elected President-elect Donald Trump. Zillow points out in its predictions how some of his policies could affect housing next year…»

The Opus Group has broken ground on a yet-to-be-named, 407-unit residential and retail mixed-use development in Tempe, AZ, covering a full city block at the northwest corner of University Dr. and Forest Ave. Delivery is slated for summer 2018…»

Another San Francisco technology company is opening an office in the Valley. Houzz, a home remodeling and design platform, is opening a sales and client services office in Hayden Ferry Lakeside I, 80 E. Rio Salado Parkway, Tempe…»

Phoenix-area rent growth is tapering off according to the most recent data from real estate market research firm, Axiometrics. One reason, the company said, is slower job growth. According to the Bureau of Labor Statistics, 47,600 jobs were added in the Phoenix area in the 12 months ending in September, significantly less than the 65,600 in the previous 12-month period…»