Self-storage properties are finally beginning to feel some pain from overbuilding. Rents that rose quickly of over the past few years are likely to rise slowly this winter-if they rise at all. Experts have worried for years that developers would build too many self-storage properties. But rents continued to rise quickly…»
The dreaded term “housing bubble” has crept back into conversations about real-estate markets with big increases in home values, including metro Phoenix. The phrase, used to describe the housing boom and bust of 2005-11, conveys a looming sense of doom, particularly among those who owned a house when the bubble burst the last time.…»
Not every expansion of online retail means disruption to brick-and-mortar. Not according to Tom McGuinness, president and CEO of InvenTrust Properties Corp. Yes, while web-based retail is redefining how people shop, forward-thinking retailers in the grocery space are responding and evolving their platforms to suit.…»
Metro Phoenix continues to drop lower on lists of the most affordable big cities in which to buy a home. Because of steadily rising home prices, the Valley now ranks 19th among the top 50 U.S. metro areas. The list, by national mortgage firm HSH.com, indicates where buyers earning the median income have the easiest time affording a median-priced home.…»
Several retailers reported a good start to the holiday shopping season as Black Friday sales brought in customers to stores and online. Kohl’s (NYSE: KSS), JCPenney (NYSE: JCP) and Macy’s all reported solid traffic in stores and online, according to a roundup by CNBC.com. All three stores have a large presence in Phoenix.…»
