Commercial Real Estate & Business News – January 6, 2014

What’s the Worry? Housing Bubble Concerns Unjustified in Current Recovery

Only a few days into the New Year and already we’re hearing worries about a bubble in the recovering U.S. residential housing market. It seems that some analysts can’t go one year without an overhanging fear of catastrophe. While most cities are seeing continual, albeit slow growth in housing prices, recently several cities across the country have seen housing prices climb back to reach all-time highs… Read more

Vestar Enters Denver Market with $123M Shopping Center Purchase

Phoenix-based Vestar Development Co. – one of the largest privately-held shopping center firms in the West – has entered the Colorado market via a $123.5 million joint-venture purchase of a large-scale retail center… Read more

Four Forces that will Propel Retail Investment Sales in 2014

The recession took a major toll on the retail real estate sector but, despite waffling consumer confidence, the sector continues to improve. Retail now accounts for 19 percent of total U.S. investment volume year-to-date 2013. Jones Lang LaSalle’s retail experts predict the four key forces that will drive an increase in the retail transaction market during 2014… Read more

Signs Point to Modest Recovery

Two different measures – a jobs survey and a consumer confidence index – show people think the economy is better off than it was back five years ago at the start of the recession, but the gains are relative… Read more

New Era of Office Towers Will Continue to Rise in 2014

New data on construction starts and spending provided compelling evidence of a recovery in urban office development, prompting some planners to describe 2013 as “the year of the return of the downtown high-rise” as major skyline-altering projects broke ground in Seattle, New York, San Francisco, Houston, Dallas, Chicago and even in markets hit hard in the housing downturn such as Phoenix… Read more