Commercial Real Estate & Business News October 18, 2018

The downtown Phoenix skyline is about to undergo a dramatic change as more than 5,700 apartment units are under construction or being planned in this revitalized section of town. The downtown Phoenix area has gone from barely maintaining an eight-hour economy to truly being an 18-hour economy, said Christine Mackay, economic development director for the city of Phoenix. That’s not just from the addition of more…»
Apartment rentals have been luring residents away from other kinds of housing since the housing crash-and that is not likely to change in the foreseeable future. “Apartments should continue to play a role in the total housing market that goes beyond the historical norm,” says Greg Willett, chief economist for Real Page Inc., a property management software and services provider based in Richardson, Texas.…»
Conventional supermarkets and Walmart are far and away the top outlets where consumers regularly shop for groceries, according to the TABS Analytics 6th Annual Food and Beverage Consumables Study. Of 1,000 U.S. adults surveyed, 75% cited traditional grocery stores and 57% named Walmart as the retail venues they regularly visit (more than six times per month) to buy food and beverages.…»
When looking for a home, figuring out whether to rent or buy can be tricky. There are many factors at play and trying to time the housing market is difficult. However, there are mathematical ways to evaluate each city, so you can make an informed decision. today released the Cities in Arizona that are Better to Buy than Rent.…»
Large purchases by Maracay Homes for the construction of single-family homes and townhomes were some of the largest September land transactions around the Phoenix area. Land designated for single-family home development led sales for the month, with more than $120 million out of a total of $188.6 million spent on all types of land, according to research from Colliers International.…»