Commercial Real Estate & Business News July 1, 2019

Number of Job Openings Outnumber Unemployed by Widest Margin Ever A recent report by the U.S. Department of Labor revealed that the number of job openings in the U.S. outnumbered the number of unemployed Americans by the widest margin ever. The number of people looking for jobs fell to roughly 5.82 million in April, whereas the number of unfilled jobs climbed to 7.44 million. That means…»
Upbeat Outlook For Office Investment: Report
As we reach the halfway point in 2019, U.S. office property owners, investors and brokers say they expect investment activity to pick up and be consistent throughout the rest of the year and into 2020, according to a new Mid-Year Office Investor Sentiment Report by Real Capital Markets. The investors, while still expressing some caution given…»
Obsolete Office Buildings Offer Investors a Myriad of Opportunities for Adaptive Re-Use
Older office buildings with high vacancies often suffer from lack of access to mass transportation or require significant infusions of capital to compete for tenants in today’s market. Landlords struggling with low occupancy may want to consider converting older office buildings to uses with higher demand for the location, including…»
Google Picks Mesa For Giant Data Center
Technology giant Google is coming to Mesa, lured by a tax incentive agreement to build a massive data center in the emerging Elliot Road Technology Corridor. In a major coup for the city, Google will join fellow tech heavyweight Apple, which already operates a large data center in the same area of southeast Mesa. The Mesa City Council is…»
Zillow: Home Values Down, Rents Up in May
U.S. home values dropped for the second month in a row, according to the May Zillow® Real Estate Market Report.The typical U.S. home is worth $226,800, down 0.1% from a month earlier. Home values also fell in April, ending a streak of 85 consecutive months of gains that added $78,500 in value to the median home. This trend held in 32 of…»