Commercial Real Estate & Business News – June 28, 2016

The global repercussions of the vote for Brexit are still in the making, but the stock markets have already taken a beating. With the U.K.’s exit, the European Union loses both a significant military and financial power. But in the wake of this historic decision, what will be the potential impact on commercial real estate at home and across the pond?…»

Analysts are mixed about the effect the “Brexit” from the EU will have on the British economy, but the result could make an impact on multifamily investment in the United States, Axiometrics economists say.…»
Respondents to Levin Management’s annual survey reported strong year-to-date performance and stressed the increasing importance of technology-driven marketing for retailers. At the end of last week, the economic news was all about Brexit and, more specifically in the United States, how the re-arranged political alignment in Europe is going to affect the economy across the pond…»
The Grand Canyon State is in for a real pickup this year, as its housing and construction sectors appear to have finally turned a corner. The state’s sunny climate and low taxes will continue to lure retirees as well as young folks. The low cost of living will draw tech entrepreneurs away from California’s pricey Silicon Valley. Population growth will keep construction humming.…»
Phoenix-based PetSmart, the largest specialty pet retailer in North America, plans to open 80 stores in the US and Canada throughout 2016. That includes 12 stores the retailer has opened in the first quarter of this year, one of which is in Tempe. PetSmart opened 50 stores in 2015.…»