Commercial Real Estate & Business News – December 4, 2017

A survey of 150 U.S. office leasing decision makers conducted by Radius Global Market Research for WiredScore found that a building’s Internet connectivity is second only to location in importance to tenants when seeking office space. Fort Worth, San Francisco, Washington, Houston, Boston and Atlanta, found that 80 percent of tenants experience connectivity issues at one time or another. And more than half (77 percent) of them say poor connectivity affects their bottom line. …»

The house at 1310 Haskell St. does not look worthy of a bitter neighborhood war. The roof is rotting, the paint is chipping, and while the lot is long and spacious, the backyard has little beyond overgrown weeds and a garage sprouting moss. The owner was known for hoarding junk and feeding cats, and when she died three years ago, the neighbors assumed that whoever…»

A 0.1% contraction marked the seventh consecutive month of declines in commercial property pricing, Ten-X Commercial said Thursday. The firm’s latest Commercial Real Estate Nowcast is now up just 1.5% from a year ago. “The US presidential election is a year behind us, but the events of intervening months have done nothing to alleviate investors’ wariness,” …»

Two new tenants will soon open shop at The Colony, a food, shopping and entertainment destination in the heart of Central Phoenix’s booming 7th Street Stretch. The adaptive reuse project located along 7th St., just north of Missouri Avenue, opened to considerable acclaim last year, including winning the honor of being named 2016 Best of NAIOP Retail Project of the Year…»

An Arizona State University economist expects the state to continue attracting people from other states but said that additional population could put a strain on Arizona’s resources. Lee McPheters discussed the outlook for Arizona at the 54th annual Economic Forecast Luncheon. “We expect steady, sustainable but not spectacular growth…»