Commercial Real Estate & Business News May 14, 2019

Fed’s Interest Rate Position Could Help CRE Sales Volume The current Goldilocks economy-not too hot and not too cold-is helping to keep the bears from emerging in the commercial real estate sector. In a move aimed at holding on to that warmish balance, the Fed confirmed during its May 1 meeting that it would not change rates. That move is expected to fuel another strong year of transaction activity. At the same time, it is stirring speculation about what action…»
Inland’s Cosenza: Net Lease Is ‘Scorching Hot!’
It’s amazing when you think of it, that an asset class so dependent on lower-number transactions could claim $44.1 billion in 2018. But, according to Real Estate Forum’s Influencers of Net Lease, that’s the scorecard. One of the feature’s influencers was G. Joseph Cosenza, vice chairman of The Inland Real Estate Group, LLC.Little wonder. Over the term of Inland’s lifetime, it’s logged $13.7 billion in…»
Ranking Arizona: Top 10 Banks for 2019
Here are the Top 10 banks in Arizona, based on public voting for the 2019 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona is based purely on opinion and ranks companies based on how voters answer this simple question: with whom would you recommend doing business? Don’t see your favorite on the list or do you want to make sure your…»
Mesa Moving on Bold Downtown Plan
Mesa’s downtown is one step closer to a major makeover.During a recent City Council study session, Downtown Transformation Manager Jeff McVay gave an update on a large downtown project and introduced two others – a new Arizona State University location at the Mesa City Center, accompanied by studios, and a Co+Hoots at Benedictine University. The three projects are part of a larger effort to breathe life into…»
Kierland Commons Sees Huge Boost in Sales
Retail is a tough industry to be in right now, but there are some shopping centers around the Valley succeeding while others can’t. Kierland Commons, a lifestyle retail center on the border of Scottsdale and Phoenix, was among the top-performing malls in the country to begin this year. Kierland is owned by Macerich Co. (NYSE: MAC), a Santa Monica, California-based real estate investment trust that owns and operates…»