Here are the news stories you might find interesting today:
More CRE Investment Projected for Remainder of Year
Foreign real estate investors project their investments for the rest of 2009 will substantially out-strip investments completed year-to-date, while equity investors expect they will place seven times more than their current year-to-date investments, according to the results of a recent survey released by the Association of Foreign Investors in Real Estate.
MARKET SNAPSHOT: Phoenix Will Rebound Once Employment and Population Growth Occur
Phoenix – With rising unemployment – projected to reach 10.25 percent in 2010 – and greatly reduced home prices, Phoenix’s apartment market fundamentals have deteriorated significantly.
Apartment Vacancies Continue Higher; South Leads the Way
|National multifamily vacancy rates in the second quarter 2009 was 10.6%, according to the Department of Commerce’s Census Bureau. The Census Bureau said the rental vacancy rate was higher than the second quarter 2008 rate (10%) and higher than the rate…|
MBA: Mortgage applications rise as interest rates fall
|A decrease in interest rates boosted mortgage applications during the week ended July 31.|
Private businesses cut 371,000 jobs in July, far fewer than in June
|The private sector in the United States shrank by 371,000 jobs in July, according to a report by payroll firm ADP.|
Phoenix companies get $99.8 million in stimulus money for electric vehicle network
|Electric Transportation Engineering Corp. and ECOtality Inc. will be getting a $99.8 million stimulus grant and partnering with Nissan Motor Co. Ltd. to roll out an electric vehicle pilot program in Arizona and other U.S. cities.|
EV charger manufacturing facility could add 750 jobs in Phoenix
|When electric vehicle charging stations start cropping up around the Phoenix area, about 750 new workers will be developing a network that could one day span the country.|
Phoenix NAP brings in partner for data center
|Phoenix NAP will bring in partner and tenant EC Suite to its planned data center.|
Planned Fiesta complex not what Mesa wanted
|A plan to build a multi-family, senior apartment community instead of a high-end condominium/hotel/retail complex near Fiesta Mall isn’t exactly what Mesa City Councilman Dennis Kavanaugh envisioned to help revitalize that area in his district.|
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