Commercial Real Estate & Business News December 13, 2019
Fed Holds Steady, Signals no Interest Rate Changes Through 2020 The Federal Reserve left its benchmark rate unchanged on Wednesday and signaled it plans to hold steady through 2020, barring unexpected economic news. All the members of the Federal Open Market Committee supported the decision to keep the rate in the 1.5% to 1.75% range, the […]
Commercial Real Estate & Business News December 12, 2019
US Economy Steady, Arizona Stronger Headed into 2020, Experts Say Despite uncertainty about national economic policy and the ongoing trade war with China, the U.S. economy likely will remain stable into 2020 and Arizona’s economy will do even better, according to experts at Arizona State University’s annual economic forecast luncheon. While national growth projections are not […]
Commercial Real Estate & Business News December 11, 2019
CoStar Economy: About That Surprisingly Good Jobs Report That sound you hear is the furious scribbling of economists revising down their forecast for recession. Two weeks ago we wrote that there may be some troubling signs of slowdown in the jobs market. Nearly everything since then has suggested otherwise. Employers hired a net 266,000 employees in […]
Commercial Real Estate & Business News December 10, 2019
CoStar Economy: About That Surprisingly Good Jobs Report That sound you hear is the furious scribbling of economists revising down their forecast for recession. Two weeks ago we wrote that there may be some troubling signs of slowdown in the jobs market. Nearly everything since then has suggested otherwise. Employers hired a net 266,000 employees in […]
Commercial Real Estate & Business News December 9, 2019
Hilo Tempe Apartments’ Plan to Ban Tenants Under 21 Raises Legal Concerns The Hilo Tempe apartments, a planned development located on the corner of Mill Avenue and Seventh Street, has proposed to restrict renters under the age of 21. Concerns have been raised about whether or not the age limit will interfere with Tempe’s anti-discrimination ordinance. […]
Commercial Real Estate & Business News December 6, 2019
Sumitomo buys Collier Center in Downtown Phoenix Sumitomo Corporation of Americas (SCOA) announced today their purchase of the Collier Center, a 2.8-acre commercial complex located in downtown Phoenix, Arizona. Eastdil Secured brokered the deal for an undisclosed amount. This is SCOA’s second commercial real estate investment this year, having acquired SPS Tower in Minneapolis this past […]