Commercial Real Estate & Business News November 26, 2019

Here are the Commercial Real Estate Trends that Will Shape 2020 Among his accomplishments, Casey Cartier, president and CEO of Jokake, has been named ASA Superintendent of the Year, voted Top 20 Under 40 Construction Leaders by ENR Southwest Magazine, and has led one of two construction divisions for Ryan’s Southwest regional office. Now at the helm of Jokake’s Southwest regional construction…»
SE Mesa Area Could Generate 240K Jobs
An east Mesa city councilman last week criticized a consultant’s report on the future of Phoenix-Mesa Gateway Airport, arguing it “would be a recipe for disaster” to allow housing in the flight path along Elliot Road. Councilman Kevin Thompson’s comments came after a consultant outlined the city’s Inner Loop Master Plan, which…»
What’s the Outlook for Cross-Border Investment in U.S. Real Estate Assets?
Despite concerns about an economically- and cyclically-fueled dip in foreign investment in American properties, the U.S. remains a coveted place for cross-border deals. In the first three quarters of this year, cross-border real estate deals in the U.S. (those valued at $5 million each or more) totaled $46.2 billion, according to data provided to NREI by…»
SkySong Emerges as Conference Destination for Scottsdale
There are many reasons people flock to SkySong in southern Scottsdale – and one of the biggest reasons is its growing reputation as a meeting destination. SkySong now hosts more than 4,500 events each year in its 14,000 square feet of conference spaces, bringing more than 63,000 people into the project and the Scottsdale community. With 16…»
Do Not Worry About Multifamily’s Cooling Demand
First let’s say at the outset that CBRE predicts 2020 will be a very good year for commercial real estate. Transaction volume and cap rates are expected to remain stable, it says in a new report. But the year will not be without its challenges. One of which will be some risk of oversupply in Class A multifamily. It predicts that the overall vacancy…»