Commercial Real Estate & Business News – February 1, 2017

The U.S. property market landscape in 2017 will be characterized by continued strong fundamentals, increased investment flows, and high transaction volume. The broader U.S. economy should continue to grow moderately and add jobs. U.S. employment gains continue to be strong…»
Why someone returns to a store or shopping center can be hard to peg but most shoppers want stores to be a hub for convenience and entertainment where experiential retail merges with things to do outside of shopping. …»
Downtown Phoenix and its real estate market ended 2016 in decent shape – especially compared to where the market was during and right after the last recession and crash. Downtown ended 2016 with a 15.5 percent office vacancy rate…»
Another month, another all-time high in single-family home prices? For the third consecutive month, home prices reached a new peak in November, S&P Dow Jones Indices said Tuesday. The S&P CoreLogic Case-Shiller US National Home Price NSA Index, covering all nine US census divisions…»
Workers are building a new community of micro-apartments in Austin, Texas. The 138 units at Indie Apartments will range from 350-sq.-ft. studios to 520-sq.-ft. two-bedroom apartments. “Micro-units are spreading to secondary markets, but I would say slowly,” …»