HAPPY HALLOWEEN!
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At numerous times over the past several years, rising Treasury yields have prompted commercial real estate investors to speculate how the end of historically low interest rates would influence property values. Invariably the yields reversed course — even after the Federal Reserve began in late 2015 to ‘tighten’ monetary policy — and capitalization rate compression continued. …»
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A larger share of renters are ousted from their apartments in the Phoenix area than in any other major U.S. metro area except for one. Only Memphis ranks higher in rental evictions, according to the national research firm Apartment List. “We estimate an eviction rate of 5.9 percent for the Phoenix metro,”…» |
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With consistent month-over-month job growth-, the retail market continues to be an active one for investors. “The steady recovery in the labor market has been dominated by advancement in office-using sectors, which combined for more than 734,000 new jobs over the last year, representing the strongest overall sector in the economy.…» |
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Wall Street has walloped the retail industry during the much-hyped “retail apocalypse,” and the country’s two biggest operators of outlet centers-Simon Property Group and Tanger Factory Outlet Centers-have not been spared. This September and October, Tanger’s stock price was hovering at or around a five-year low of $23 to $25 per share…» |
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Every year toward the end of summer, Halloween stores pop up around the East Valley and have a significant, though temporary, effect on the commercial real estate market. For the past decade, retailers like Spirit Halloween and Halloween City have consistently emerged in late summer to peddle costumes, decorations and accessories to consumers, occupying vacant retail space in the process.…» |