Commercial Real Estate & Business News August 1, 2019
Fed Approves its First Rate Cut Since 2008, Dow Plunges as Chairman Powell Speaks The Federal Reserve cut its key interest rate by one-quarter of a percentage point Wednesday, marking the first such reduction in 11 years and providing an extra boost to the domestic economy as it faces the headwinds of a global economic slowdown. […]
Commercial Real Estate & Business News July 31, 2019
California Businesses are Heading to Arizona Arizona is open for business, a fact becoming more apparent with each new company setting up shop in the state.Arizona Governor Doug Ducey says, “burdensome regulations and crippling costs” are driving both large and small businesses to move to Arizona and take advantage of the state’s innovative-friendly regulation, low taxes,…» […]
Commercial Real Estate & Business News July 30, 2019
Rising Home Prices In Southwest Still Outpace Rest Of Country Home prices continue to rise nationwide. Numbers just released for May show Arizona and Colorado lead the nation in housing price gains. Compared to May 2018, housing prices are up 5% year over year. That’s according to the latest monthly House Price Index from the Federal […]
Commercial Real Estate & Business News July 29, 2019
Phoenix Remains Top Market for Rent Growth As Demand Outpaces the Wave of New Supply Phoenix continues to lead the nation in apartment rent growth, as demand outpaces elevated levels of new supply. As cited in the latest CoStar Phoenix Apartment Webinar, robust rent growth, both in apartments and single-family homes, and a shift in supply, […]
Commercial Real Estate & Business News July 23, 2019
Phoenix Office Build Leases Before Ground Breaking Lincoln Property Co. has pre-leased space in its class-A office development Union before ground breaking. The developer has signed a lease with WageWorks for 150,000 square feet in the 1.3 million-square-foot project, located in Mesa. The new lease is an expansion for WageWorks, which is currently located in Tempe, […]
Commercial Real Estate & Business News July 22, 2019
Phoenix Apartment Sales Up 20% For the Year The Phoenix apartment market is officially on fire. In the first half of the year, sales volumes for multifamily communities with 100-plus units increased 20% and represented $3.02 billion in total investment activity, according to research from CBRE that GlobeSt.com has seen exclusively. The investment activity is the […]