Commercial Real Estate & Business News June 3, 2019
Healthcare Clinics Become Sought-After Tenants at Shopping Centers Expect to see more healthcare clinics in shopping centers, as landlords want to capture a piece of the growing healthcare industry to boost foot traffic and sales. Today’s healthcare services in retail locations typically provide basic treatments, such as eye care, vaccinations and flu shots, routine health exams, […]
Commercial Real Estate & Business News May 31, 2019
CMBS Delinquency Rate in April Posts Another Decline, Led by Retail-Backed Loans April, the most recent month for which data is available, showed a decline in the all-property 30+ days CMBS delinquency rate, according to both Trepp and Fitch Ratings. Trepp reported that the overall delinquency rate registered at 2.82 percent, six basis points down from […]
Commercial Real Estate & Business News May 30, 2019
Socially Focused Apartment Project Breaks Ground Near Downtown Phoenix As Vacancies Drop Developer Property Markets Group just broke ground on the first phase of a 20-story apartment, retail and office project in Phoenix, where increasing jobs are boosting the rental market and reducing vacancies. Property Markets said it is building the 616-bed property in two phases […]
Commercial Real Estate & Business News May 29, 2019
Current Economic Expansion Could Become Longest Yet, Says Nadji The reinvention of the retail sector now underway is getting a boost from a U.S. economic expansion that is nearly a decade old but which still has legs, says Hessam Nadji, president and CEO of brokerage services firm Marcus & Millichap. Meanwhile, demographic shifts have altered the […]
Commercial Real Estate & Business News May 28, 2019
Optima Sonoran Village Announces Opening of Final Tower Optima Sonoran Village, known for its luxurious high-rise living spaces, award-winning architecture and world-class amenities, has opened its fifth and final tower.Located on the Southeast corner of 68th Street and Camelback Road, the final phase of Optima Sonoran Village features 176 residences across seven stories including one-, two-, […]
Commercial Real Estate & Business News May 24, 2019
South And West Continue Rapid Growth, According To New Population Data The Southern and Western regions of the United States continued to have the nation’s fastest-growing cities between 2017 and 2018, according to new population estimates for cities and towns released Thursday. New York still leads all American cities with 8.4 million residents. But as NPR’s […]