Commercial Real Estate & Business News – November 29, 2016

Thrifty U.S. consumers carefully picked over Black Friday discounts during the four-day weekend, leaving retailers with less money in their registers and a lukewarm kickoff to the holiday season. Though the number of shoppers grew over the weekend, the average amount they spent fell 3.5 percent to $289.19 …»
California once again dominates the list of rent-growth leaders for the coming year, with more than half of the top markets, but it may come as a slight surprise to some. Oakland tops the list, with San Francisco and San Jose still in the top 10. Oakland’s rent-growth pace has slowed significantly recently…»

The U.S. Census Income and Poverty 2015 report was a positive one for the economy, with a 5.2 percent growth in median household incomes last year. But that doesn’t mean Americans have more spending money. Middle class households may be better positioned to cover their expenses…»

Buying into the former Pink Pony in Old Town Scottsdale will cost an aspiring restaurateur $3.5 million which includes the land at 3831 N. Scottsdale Road, the 8,315-square-foot building, equipment and liquor license.…»
SkySong, The ASU Scottsdale Innovation Center is getting another new innovative tenant – one that will take up a big chunk of the newest office building at the project. MindBody, a leading provider of cloud-based business management software for the wellness services industry, signed a long-term lease to occupy 28,229 square feet…»