Commercial Real Estate & Business News – December 2, 2016

US commercial property values rose broadly in October, notwithstanding a flattening in the top tier of the market, CoStar Group said Wednesday afternoon. Data from this month’s CoStar Commercial Repeat Sale Indices also indicate that although January-to-October transaction volume was off 2.5% from the year-ago period…»
Raytheon Co. will add about 2,000 jobs to its Tucson missile-making facility over the next five years, the Waltham, Mass.-based company announced Friday. The company will be expanding several of its missile lines, as well as hiring technology workers and those from other fields, such as finance, to add to its current staff in Tucson of more than 10,000…»

Scottsdale is one of the most expensive U.S. cities to rent a two-bedroom apartment, according to new numbers from Zumper Inc., a San Francisco-based real estate startup specializing in apartment listings. But overall, apartment rents in Phoenix and other cities in Maricopa County are relatively cheap…»

If you looked at your email notifications any time over the past two weeks, it’s likely you were barraged with promotion messages from a wide number of chain retailers, all of them touting major discounts. The promotions are part of an effort to stretch the holiday shopping season to encompass a larger part of November…»
Phoenix’s battle-scarred housing market is expected to be the strongest in the country in 2017, another sign that the U.S. housing market is returning to full strength. The rapid rise of a market that housing analysts once thought might not recover for decades demonstrates the strength of the national recovery, as home prices this week hit a new record.…»