Commercial Real Estate & Business News October 4, 2018

Interest rates are likely going to rise another four to five times through early 2020 as the Federal Reserve reaches its targets, according to Sam Chandan of Chandan Economics. The good news: the Fed’s plan to tighten monetary policy is at its halfway point and we can expect continued caution from the Fed as they slowly increase rates…»
Following more than a year of major store closing announcements, it appears the vacancies are starting to have an impact on the retail sector’s property fundamentals. For the first time in nearly a decade, space absorption is negative for mall and lifestyle centers, according to research firm CoStar and others…»
A planned high-rise office project on the corner of Mill Avenue and Rio Salado Parkway – part of a proposed mixed-use development – has new ownership and a new approach.  Atlanta-based Cousins Properties (NYSE: CUZ) and Houston-based Hines acquired the rights to develop 100 Mill…»
The Phoenix area is on track to see 17 office buildings totaling 1.69 million square feet of office space complete construction during 2018. Phoenix ranked 16th out of the top 40 U.S. markets for office deliveries during 2018, according to a study from Commercial Café. San Francisico topped the list, with 11.09 million square feet of office space…»
The apartment vacancy rate rose by 0.1% in the third quarter of 2018, moving from 4.7% in the second quarter to 4.8%, according to the 3Q2018 Reis Preliminary Apartment Trends Release. The vacancy rate has risen by 40 basis points since Q3 2017, and by 70 basis points since its last low of 4.1% in Q3 2016…»