Commercial Real Estate & Business News December 18, 2019

Freddie Mac’s Guggenmos Looks Ahead to 2020 for Multifamily Apartment rents are still on the rise. Rental communities across the country are still fully occupied on average, despite years of new construction. But just a few months ago, the financial markets flashed warning signs of a possible recession in 2020. How long can the good times last? What challenges and opportunities will apartment investors…»

Kroger, Publix and Hy-Vee Produce on List of Best Grocery Store Chains in Every State
Among the wonders of American life that tend to inspire awe in visitors from other countries is the variety of choices available to food shoppers in our supermarkets. And indeed, our markets are really something, however much we might take them for granted. The bins of glowing fruits and vegetables, glass cases filled with cuts of meat,…»

The Hotel Sector Looks Poised for Another Strong Performance in 2020
Tourists and business travelers are keeping demand for U.S. hotel rooms high, in spite of worries that the U.S. economy might be slowing down. “Typically, hotel demand is vulnerable to economic sentiment, but the strong employment market and low consumer debt supported continued summer leisure travel,” says Robin Trantham, consultant with…»

CoStar Economy: Maybe This Is What Clarity Looks Like
A close runner-up for this week’s quote came directly from one of your authors who, trying to figure out the constantly shifting sands of Friday morning’s trade announcements and reversals and delays, lamented, “We are just here trying to write a nice and honest column.” Sometimes that is harder than it should be. We had hoped to get some clarity in…»

Phoenix Firm Snaps Up Best Western Plus Arroyo Roble Hotel & Creekside Villas
Phoenix-based Ensemble Real Estate Solutions and Investments has purchased Best Western Plus Arroyo Roble Hotel & Creekside Villas in Sedona, Arizona, from Glacier House Hotels for $32 million. The boutique resort at 400 N. State Route 89-A has 65 guest rooms, including five oversized rooms, seven two-bedroom villas and a two-bedroom…»