Commercial Real Estate & Business News November 27, 2019

Chasing Amazon, Retailers Are in a Never-Ending Arms Race Retailers are trying everything they can to keep up with Amazon. Macy’s offers same-day delivery and in-store returns for online purchases. Black Friday deals are already starting at Kohl’s. And craft cocktails are served in the women’s shoe department at Nordstrom. By one measure, these strategies are working. After years when it seemed…»
CRE Lending Reaps Dividends From Interest Rate Cuts
The Federal Reserve’s moves to calm the financial markets with two interest rate cuts in the third quarter paid dividends, according to CBRE.The CBRE Lending Momentum Index, which tracks the pace of commercial loan closings in the U.S., rose 8.2 percent from June hitting a value of 264 in September 2019. The index rose 5 percent from a…»
Online Shopping Expected to Flatten Out this Holiday Season
Last year, 39.8 percent of Americans said that they would do most of their holiday shopping online. This year, that number ticked up slightly to 42.3 percent, according to JLL’s Black Friday Mall survey data. More than half, 52 percent, of the shoppers surveyed indicated that they will buy in-store. “While online shopping continues…»
Construction Industry Outlook: The Good, the Bad, and the Ugly
The Marcum Commercial Construction Index for the third quarter of 2019 finds the industry in overall good health as 2020 approaches, despite some causes for concern over the construction industry outlook. Entitled The Good, The Bad, and The Ugly, the report is produced by Marcum LLP’s Construction Services Group. On the positive…»
Here’s how Glendale’s Loop 303 is Booming with Development
It’s been just over a year since Glendale City Council gave the nod to activate the Loop 303 Corridor. Since then, much has changed. Red Bull’s announcement to build their first manufacturing facility in North America at Reems and Peoria Roads with an investment of over $280 million dollars for the 750,000 square-foot building served as a…»