Commercial Real Estate & Business News – October 25, 2017

The Shepley Bulfinch-designed residential tower will be built on part of a 1.3-acre vacant lot at the northeast corner of 3rd and Pierce streets, adjacent to the Phoenix Biomedical Campus and a short walk from the Broadway/Central Valley Metro light rail stop, which provides service to the downtown and midtown business districts as well as the Central Avenue Corridor…»

With Phoenix-Mesa Gateway Airport and growing technology and health-care industries, East Mesa has an ever-increasing need for accommodations to support its growing business and residential population, and developers are responding…»

According to a report from Global Market Insights, the U.S. residential solar energy and the solar panel market size is expected to witness significant growth from 2016 to 2023. The report indicated descending solar prices is one of the drivers of the market…»

Economists largely agree that the U.S. economy will continue the moderate growth path it has traveled the last several years. But the consensus among prognosticators obscures a dilemma: The economy is behaving in ways it hasn’t in the past and nobody is entirely sure as to why. Among the issues vexing economists include why-when employment gains are so healthy-workforce participation remains low, while GDP growth and inflation remain subdued…»

Ever since the epic housing crash of the last decade, homeowners have been incredibly conservative with their housing debt. Home prices rose, at first slowly and now quite dramatically, yet owners held back on taking out all that new-found equity. That is about to change – by a lot. About 10 million homeowners are expected to take out home equity lines of credit in the next four years, according to a new report from TransUnion…»