Commercial Real Estate & Business News November 5, 2018

As this real estate cycle matures, suburban office markets are showing greater promise. They offer more favorable pricing than many urban markets, while at the same time experiencing continued job growth, limited new supply, positive net absorption and in-migration of young workers as they begin raising families, according to the Urban Land Institute’s (ULI) Emerging Trends in Real Estate report.…»
Nationwide, commercial real estate professionals feel optimistic about the next 12 months in the sector, a sentiment that might be even stronger in Arizona. A nationwide survey done by NAIOP, the country’s commercial real estate development association, showed that industry professionals’ outlook is at the highest it’s been since the twice-yearly survey, known as the sentiment index, began in March 2016.…»
City of Hope and its local affiliate Translational Genomics Research Institute are scouring metro Phoenix for space to build a cell therapy manufacturing facility. The manufacturing plant would be similar to three other City of Hope facilities in California that have current good manufacturing practice status from the U.S. Food and Drug Administration. Those facilities have produced more than 1,300 cell and gene therapy…»
How are you navigating current market conditions,” asked Mark Renard, executive vice chairman of the capital markets group at Cushman & Wakefield, at the opening of the Transaction Talks: The Art of Multifamily Dealmaking panel at RealShare Apartments this week. For some of the panelists, the response was that the market is challenging today-and it is getting more challenging-but there are still reasons to be excited about the…»
The economy added a healthy 250,000 jobs in October, the Labor Department said Friday in the last employment report before midterm elections that President Donald Trump has cast as a critical referendum on his stewardship of the economy. The unemployment rate was unchanged at a near 50-year low of 3.7 percent. Annual wage growth topped 3 percent for the first time in nine years.…»