Commercial Real Estate & Business News – October 27, 2017

The amount of uncalled or undrawn real estate investment capital, or “dry powder,” has grown to staggering levels. This increase has come at a time when the investment climate remains decidedly mixed, with top-quality assets in core markets commanding high valuations after a sustained up-cycle. As a result, investors are increasingly searching elsewhere for properties that offer potentially higher yields…»
Strong fundamentals, the growing sophistication of logistics facilities, and e-commerce growth has led to a surge in foreign industrial investment in the U.S. with Phoenix coming in as a top two U.S. cross-border investment destination in 2016, according to the latest CBRE research. Furthermore, foreign buying remains elevated in the market in 2017 year-to-date…»
The Warehouse District in downtown Phoenix is about to get “crazy popular,” according to the Thrillist. The lifestyle website included the Warehouse District, which sits south of Jefferson Street, as one of “12 up and coming Neighborhoods across America that are about to get crazy popular.” The short blurb about the WHD cites the influx of tech companies to the area over the past few years…»
Amazon continues to expand in the Phoenix metro area even though it hasn’t yet announced which city it will choose for its second corporate headquarters. The company said it will mark its 10th year fulfilling customer orders in the Valley this fall by opening a new center and overhauling its original facility. The two facilities will create more than 1,000 full-time jobs…»
Snagajob, the nation’s leading marketplace for hourly work, today released its 10th annual Holiday Hiring Survey. Findings reveal employers are taking new steps to accommodate today’s tight labor market, with an unemployment rate of 4.2 percent – the lowest in more than a decade. According to the data, 77 percent of employers will face challenges hiring seasonal workers this year…»