Commercial Real Estate & Business News – July 5, 2016

U.S. commercial real estate enjoyed solid price gains in May, coming on the heals of declines during the early part of the year, according to the latest CoStar Commercial Repeat Sales Indices…»


The Phoenix City Council at its July 1 regular meeting will consider a developer’s plan that would bring a hotel and office building to the SEC of 28th Street and Camelback Road. Developer LaPour Partners, Inc. wants to assemble two parcels to build the 4.87-acre project, which would include a four-story office building…»
Despite the global collapse of commodity prices-including many key inputs to construction- overall construction costs continue to rise nationwide in large part due to labor supply and demand dynamics that first surfaced during the recession and still have yet to resolve…»
More local retail boutiques are joining the Central Avenue corridor after the Union Shops at the Biltmore shuttered. Clothing store Phoenix General is sharing a space with eyewear retailer Framed Ewe, the latter of which was formerly housed in the Union…»
Home prices are continuing to rise at a steady clip, with an increasing number of cities setting new highs that haven’t been seen since before the financial crisis…»