Commercial Real Estate & Business News November 20, 2019

Amazon Opens First Physical Bookstore in Arizona at Scottsdale Quarter Amazon on Tuesday opened its first physical store in Arizona, with the new outlet selling books, electronic devices and other products in the Scottsdale Quarter shopping center. The 4,000-square-foot Amazon Books location features an array of products that have been well-received by online customers – typically those rated…»
Valley Apartment Rents Pick up Pace Again in October
Apartment rents in the U.S. inched up again in October despite the minor fall in the previous month, according to a report from RENTCafé. All the signs point towards a strong and resilient multifamily market as the national average rent reaches $1,476.Here are the highlights for Phoenix and suburbs: Here are the highlights for Phoenix and…»
Tempe Apartments for Renters Without Cars are in the Works
An apartment development with no parking for its expected 1,000 residents is planned across from a light-rail station in Tempe. The $140 million development will have scooters, bicycles and some ride-sharing cars. It also has plans to offer residents of the 636 apartments deals on light rail, buses and rides with Uber or…»
Fannie Mae: Housing to Help Fuel Economic Growth in 2020
Housing could fuel economic growth for the first part of 2020, a new economic outlook from Fannie Mae shows. Fannie Mae upgraded its economic outlook to a gross domestic product growth of 1.9% in 2020, according to its latest commentary from the Economic and Strategic Research Group. This is due to expected easing trade…»
Housing Starts Surge in October
Housing starts in October rose by 3.8 percent to a seasonally adjusted annual rate of 1,314,000, according to the latest data from the U.S. Census Bureau and Department of Housing and Urban Development. After several months of gains, starts are up 8.5 percent year-over-year. Building permits for private homes rose by 5 percent to…»