Commercial Real Estate & Business News April 25, 2019
When Office Buildings Go Beyond Green Developers and landlords have for decades sought green certification to help them attain a level of sustainability that can make their buildings more efficient, and cheaper, to maintain in the long run.In turn, the buildings can fetch premium rents and achieve higher occupancy rates.But as the industry for independent review […]
Commercial Real Estate & Business News April 24, 2019
Bank Branch Closures Are Increasing, But Alternative Tenants May Take Over Vacated Spaces Healthcare clinics and co-working facilities may soon find new homes in closed bank branches.Bank branch inventory in the U.S. has decreased by about two percent each year over the past two years, according to real estate services firm JLL. From 2016 to 2018, […]
Commercial Real Estate & Business News April 23, 2019
Low Interest Rates, High Demand from Users Boost Hotel Sales Volume Brokers are busy again with the sales of hotel properties, after a slow winter with relatively few transactions.”Investor appetite continues to be very strong for hotels,” says Kevin Mallory, global head of CBRE Hotels. “That’s a surprise.”Low interest rates may be luring buyers and sellers […]
Commercial Real Estate & Business News April 22, 2019
Global Investors Continue to Favor U.S. Markets Foreign investors generally remain confident in a strong economy, solid real estate market fundamentals and steady inflows of capital into U.S. real estate, according to the 2019 AFIRE International Investor Survey. The survey was designed and administered by AFIRE and the James A. Graaskamp Center for Real Estate at […]
Commercial Real Estate & Business News April 19, 2019
Maricopa County Still Fastest-Growing County in U.S. People keep moving to Phoenix.That’s the takeaway from new data released Thursday by the U.S. Census Bureau, which finds the Phoenix metro added nearly 100,000 residents from July 1, 2017, to July 2018.During that 12-month period, the Phoenix-Mesa-Scottsdale metro gained 96,268 people…» Scottsdale Grows ‘Up’Thirty years ago, this 730-acre […]
Commercial Real Estate & Business News April 18, 2019
Fast-Growing Goodyear, Arizona, in Line for First Modern Office Development in Nearly Two Decades Goodyear, Arizona, may be on the verge of getting a permanent city hall as well as its first modern office space in almost two decades, in a development that could create a significant central gathering area in the fast-growing city.The Goodyear City […]