Commercial Real Estate & Business News – February 10, 2017

Commercial real estate has had an almost uninterrupted run of increasing values since bottoming in the wake of the global financial crisis in 2010. Acquisition yields have persisted at historical lows for several quarters, and many question how long the asset class can remain priced to perfection…»

The National Retail Federation released its economic forecast for 2017 on Wednesday, projecting that U.S. retail industry sales-excluding cars, gasoline stations and restaurants-will grow between 3.7 percent and 4.2 percent this year compared with 2016. Online and other non-store/online sales, which are included in the overall number, are expected to increase between 8 percent and 12 percent…»

The JOBS Act was signed into law in 2012, but the commercial real estate investing world didn’t begin to feel its significance until 2013-when the Securities and Exchange Commission established the rules for general solicitation. For the first time ever, commercial real estate sponsors were given permission to broadly market their investment opportunities to all accredited investors. No longer were they constrained to their personal and professional circles…»

Mortenson today announced the groundbreaking for the newest hotel in downtown Phoenix. The company is developing and building a Hampton Inn & Suites by Hilton at the intersection of N. 1st Street and E. Polk Street, centrally-located near entertainment and business, and immediately south of the downtown campus of Arizona State University (ASU). It will be the first Hampton Inn & Suites in downtown Phoenix…»

Ed Gorman’s Modus Development is bring three environmentally friendly projects to Scottsdale and Tempe this year. Gorman previously developed the first net zero energy apartments in Scottsdale and has specialized in urban infill projects. Gorman’s 2017 plans include townhouses in Scottsdale, an urban development in Tempe and net zero energy townhouses in Scottsdale…»