Commercial Real Estate & Business News October 24, 2018
Apartment Permits in U.S. Hit Two-Year Low on Glut, Rising Costs It looks like U.S. apartment and condominium builders are reacting to rising costs and a supply glut the same way: slowing down. Multifamily housing permits – – those for buildings with two or more units – dropped last month to the lowest level since […]
Commercial Real Estate & Business News October 23, 2018
New Opportunity Zone Tax Guidance Expands Borrowing, Other Benefits for Real Estate Investors Accountants poring over the Treasury Department’s newly issued guidelines for Opportunity Zone tax incentives say they are uncovering additional benefits for commercial real estate investors such as allowing borrowed funds to be used for improvements. The incentives created by the 2017 Tax […]
Commercial Real Estate & Business News October 22, 2018
Gilbert Tops List for Recovery in 100 Cities After Recession; Tucson Near the Bottom Tucson has largely missed the economic recovery but three East Valley cities led by Gilbert have flourished, according to a new study that tracked the uneven pace of progress around the nation since the recession. Phoenix, Glendale and Mesa rank closer […]
Commercial Real Estate & Business News October 19, 2018
U.S. Economy Still on a Strong Growth Path, Leading Indicator Find, Though Dangers Lurk The numbers: The U.S. rolled into the fall on a “strong growth trajectory,” though the economy could slow in 2019 if weakness in the housing and stock markets persist, according to an index that measures the nation’s economic health. The leading […]
Commercial Real Estate & Business News October 18, 2018
5,700 More Apartment Units Planned for Downtown Phoenix The downtown Phoenix skyline is about to undergo a dramatic change as more than 5,700 apartment units are under construction or being planned in this revitalized section of town. The downtown Phoenix area has gone from barely maintaining an eight-hour economy to truly being an 18-hour economy, […]
Commercial Real Estate & Business News October 17, 2018
US Economic Outlook vs the Rest of the Globe is Brightest in 11 Years The U.S. is putting more distance between itself and the rest of the world in terms of growth expectations from professional investors. The news keeps getting worse for global economic prospects, with respondents to the Bank of America Merrill Lynch Fund […]