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Commercial Real Estate & Business News – December 19, 2017

While many of this year’s headlines warned of retail’s demise, the overall sentiment about the sector’s future was much more optimistic at the 2017 International Council of Shopping Center’s (ICSC) annual New York Deal Making event last week. But industry experts and panelists across the board did recognize retail is going through major changer…»
Another report indicates that retailers are in for one of their best holidays in years. The year 2017 is projected to show the strongest holiday season growth rates since 2010, with the overall potential to surpass 5% year-over-year growth, according to Mastercard SpendingPulse, which reports on national U.S. retail sales across all payments types…»
RICHARDSON, TX-On a metro area basis, a few individual cities in the top 10 markets for apartment permits posted impressive year-over-year gains in October. On the whole, though, permit totals are plateauing, says RealPage. Citing Census Bureau data, RealPage says local governments across the country approved 416,000 apartment units in the year-ending Oct. 31…»
U.S. rental housing markets have experienced an unprecedented run-up in demand over the last decade, with growth in renter households averaging just under 1 million annually since 2010, according to Harvard University’s Joint Center for Housing Studies recently released 2017 rental housing report. But the surge in demand now appears to be ending, with the three major government surveys reporting a sharp slowdown…»
This year is almost over, and it will end on a cheerful note, or so says the December 2017 Economic and Housing Outlook from Fannie Mae. The company increased its 2017 economic growth forecast one-tenth from its previous forecast to 2.5% due to the government’s upgraded third quarter gross domestic product growth estimate and an expected solid fourth quarter finish…»