Commercial Real Estate & Business News November 9, 2018
Retail Industry Has High Expectations for Black Friday, Holiday Sales Season With Black Friday and the holiday shopping season just around the corner, it’s crunch time for many retailers and mall operators. The season is critical for retailers because it can account for as much as 30 percent of annual sales. And shoppers come out […]
Commercial Real Estate & Business News November 8, 2018
Investment Sales Rise in 3rd Quarter, Full-Year Volume May Beat 2017 Numbers Investment sales volume in the U.S.continued to grow in the third quarter. And the expectation is that deal volume for 2018 will end higher than last year. “It would be difficult to not surpass 2017 deal volume at this point,” says Jim Costello, […]
Commercial Real Estate & Business News November 7, 2018
Downtown Phoenix Block 23 Development Signs First Office Tenant Block 23, the future location of downtown Phoenix’s first grocery store, signed its first office tenant: accounting firm Ernst & Young U.S. LLP. The firm will take up 20,000 square feet in the development’s office portion and will move into the building, being developed by RED […]
Commercial Real Estate & Business News November 6, 2018
Watching Downtown Phoenix’s Comeback from My Front Porch It’s not hard to see the area’s development boom, thanks to all the construction cranes on downtown Phoenix’s skyline. But it was harder to put numbers to downtown’s comeback. Downtown Phoenix’s comeback isn’t just an anecdotal one about construction cranes…» Single-Family Rental Market Sees an Uptick in […]
Commercial Real Estate & Business News November 5, 2018
As the Real Estate Cycle Winds Down, Suburban Office Assets Might Be a Good Bet As this real estate cycle matures, suburban office markets are showing greater promise. They offer more favorable pricing than many urban markets, while at the same time experiencing continued job growth, limited new supply, positive net absorption and in-migration of […]
Commercial Real Estate & Business News November 2, 2018
Construction Begins on Downtown Chandler Mixed-use Development Construction has begun on the first phase of a $57 million mixed-use development in downtown Chandler. The project, called New Square, will be built in two phases. The first phase will include 50,000 square feet of office space, a 110-room Hilton Garden Inn and 9,000 square feet of […]