Commercial Real Estate & Business News July 6, 2018

StreetLights Residential has broken ground on its first luxury community in Arizona. Dubbed The Cameron, the 349-unit property will be located in Tempe and will feature landscape designs by Linda Tycher & Associates, interior designs by 5G Studio and overall architectural direction by WDG Architecture…»
July marks the seventh straight month Phoenix has seen apartment rents rise. According to Apartment List’s July Phoenix Rent Report, rents increased 0.3 percent during the past month and 2.3 percent year-over-year, exceeding the national average year-over-year increase of 1.4 percent. Rents are increasing across the entire metro area…»
For brick-and-mortar grocery retailers looking to compete directly with Amazon, some supermarket industry veterans have this advice: Don’t. The smartest course for dealing with the Amazon threat is to build on your strengths, stay focused on your best customers and see if there’s anything to learn from the e-tail giant, retired executives from Kroger, Walmart and Vons…»
The Federal Reserve announced Monday that it is extending the stress test filing deadline by one year for some of the nation’s largest banks. Once a year, the Fed conducts a comprehensive capital analysis and review that evaluates the capital planning processes and capital adequacy of the largest U.S. banks…»
Home prices are rising in Arizona and nationally, and that’s not going to change until there’s more supply, according to a report out today. CoreLogic’s Home Price Index report for May shows home prices increased nationally 7.1 percent year-over-year and 1.1 percent month-over-month. However, consumers still want to buy despite high prices…»