Commercial Real Estate & Business News – January 5, 2015

Report: U.S. Economic Recovery To Strengthen Further In 2015

With the turn of the calendar, Wells Fargo Securities sees the U.S. economy outperforming on the world stage. In a new report, Wells projects a 2.5 percent to 3 percent growth rate for real gross domestic product this year. It will make this year the back half of the strongest two-year economic growth since the period between 2001 and 2007 ? right before the Great Recession ravaged the economy… Read more »

Arizona Population Grew Faster In 2014, Feds Say

Arizona’s estimated population grew 1.5 percent in 2014, small by the state’s historic standards, but enough to keep it among the fastest gainers in the nation. The U.S. Census Bureau estimates Arizona’s population reached 6.7 million as of July 1. That presumes a gain of about 96,000 residents, the state’s highest one-year total since the 2010… Read more »

Tempe Looking To Continued Educational, Economic Growth In 2015

After a banner year in 2014, Tempe looks to continue its upward momentum heading into 2015. Tempe Chamber of Commerce President and CEO Mary Ann Miller said although there may not be anything particularly new for Tempe businesses in the new year, the city?s economy will continue to grow despite the state lagging behind in the economic recovery… Read more »

What?s on Tap for the Residential Market?

The residential real estate market both informs and reflects activity in the commercial real estate realm. RealtyTrac keeps close watch on foreclosures, sales and other related issues in the residential real estate industry. We spoke exclusively with Daren Blomquist, VP of RealtyTrac, about the biggest changes he saw in the residential market during 2014 and what he believes lies ahead in the new year… Read more »

RETAIL OUTLOOK: Tech-Driven Interruption of Shopper Habits Will Continue in 2015

The number of store closures tapered off dramatically in 2014 as the economy moved forward leaving the recessionary days of 2010 and 2011 far behind. However, the commercial real estate retail market going into 2015 still finds itself in the throes of a major transformation. The current challenge has a lot more to do with technology and a lot less to do with sales and spending. Still, the results could be just as dramatic on the retail marketplace… Read more »