Commercial Real Estate & Business News June 12, 2019
Co-Living and Student Housing Collide, as People Struggle to Afford Rent in Expensive Urban Markets Co-living, one of the hottest trends in apartment investment, has a lot in common with student housing. “Co-living is actually student housing for grown-ups,” says J.J. Smith, president of Chicago-based CA Student Living, one of the largest developers of student housing […]
Commercial Real Estate & Business News June 11, 2019
Aldi Moves into Walmart’s Backyard Less than a mile from Walmart’s massive headquarters in Bentonville, Arkansas, a new neighbor has settled in: German discount grocery store Aldi.Aldi opened a store in Bentonville in October. It’s part of Aldi’s $5 billion plan to expand to 2,500 stores in America by the end of 2022, up from around […]
Commercial Real Estate & Business News June 10, 2019
Barnes & Noble Acquired for $638 Million The nation’s largest retail bookseller has been acquired by a British hedge fund.Barnes & Noble has agreed to be acquired by Elliott Advisors UK Ltd. in an all-cash deal valued at about $683 million, including the assumption of debt. The deal follows Elliott’s June 2018 acquisition of Waterstones, the […]
Commercial Real Estate & Business News June 6, 2019
Renting Gains Momentum As Analysts Seek Signs of a US Home Price Peak A U.S. housing market that some analysts say could be closing in on a pricing peak may keep more renters from becoming homeowners, bolstering demand in the already-booming rental property and apartment sectors in the next three to five years. The latest results […]
Commercial Real Estate & Business News June 5, 2019
U.S. Economic Expansion Has Clear Runway to 2021, Says Wells Fargo Economist The current U.S. economic expansion – 120 months and counting – is poised to become the longest in modern U.S. history come July. Mark Vitner, senior economist at Wells Fargo Securities, says the runway is clear for additional growth until at least 2021 before […]
Commercial Real Estate & Business News June 4, 2019
Census Reveals The Fastest-Growing Cities In The U.S.: Here’s Why Phoenix Is So Hot A business-friendly environment, plentiful job opportunities and affordable cost of living have pushed Phoenix to the top of the list of the fastest-growing cities in the United States. Newly released Census data for city population growth shows that the South and West […]