Commercial Real Estate & Business News – November 20, 2015

Despite Another Strong Quarter, Questions Ahead for Some REITs

So far, 2015 has been a noteworthy year for the apartment REITs. Two longtime public companies, Home Properties and Associated Estates, were sold. And Equity Residential announced it was selling 23,262 apartment units to Starwood. With those transactions in the background, dispositions were obviously at the forefront of the recent earnings calls. But that wasn?t the only theme. Here?s a look at the main trends coming out of third-quarter earnings.. Read more »

Foodie Culture Influences Restaurant Tenant Mix at Retail Centers

Many countries are known for their sophisticated palates?France, Italy, Spain?but the United States has never been one of them…until now. Finally, the food culture in America has evolved to the point that foodies have significant influence over the tenant mix at most shopping centers… Read more »

Brisk Job Growth Drops Arizona Unemployment Rate

Retail employers led brisk job growth in Arizona in October, helping bring down the unemployment rate and move the Phoenix area nearly back to pre-recession workforce levels. The state gained a net 33,800 jobs last month, well ahead of the nearly 24,000 it has averaged in October since the Great Recession ended in 2009. The hiring boost dropped Arizona’s unemployment rate to 6.1 percent from 6.3 percent . Even so, the state remains well behind the nation’s 5 percent… Read more »

Why Shopping Centers Promote Lifestyle Events to Compete (or Collaborate) with Online Retailers

According to a survey from the National Retail Federation, almost 60 percent of those who celebrate holidays have already begun their shopping in early November. But brick-and-mortar shops have had serious competition for the last decade from online retailers, namely Amazon, who is now one of the world’s 10 largest companies by stock market value, since shares have doubled in 2015… Read more »

Condo Comeback? New Projects Start Up in Ahwatukee, Midtown, Scottsdale

The condo market got creamed in the last real estate crash. But now there are a number of new projects hitting the market or under construction as developers, financiers and even a prominent home builder look to the multifamily market… Read more »