Commercial Real Estate & Business News August 27, 2018
Arizona Economic Growth Likely to Accelerate, New Report Says Economic conditions have improved “dramatically” in recent months for Arizona and the nation, and state-growth projections have been revised upward, according to a new report produced by the Governor’s Office. But the prospect of rising interest rates and inflation could dampen the outlook a year or […]
Commercial Real Estate & Business News August 24, 2018
MBA: Multifamily and Commercial Loan Originations on the Rise According to a report from Mortgage Bankers Association, in the second quarter, commercial and multifamily mortgage loan originations rose by 4% year-over-year and soared past the first quarter with a 32% surge in originations. “Commercial and multifamily real estate borrowing and lending continues to track with […]
Commercial Real Estate & Business News August 23, 2018
Target Posts Strongest Quarter in More than a Decade Riding a wave of record in-store customer traffic and impressive digital growth, Target’s second-quarter results announced today marked the retailer’s strongest quarter in more than a decade. The company reported that sales at stores open for at least a year increased 6.5%, the most in 13 […]
Commercial Real Estate & Business News August 22, 2018
Report: Multifamily Remains Attractive to Investors While multifamily construction activity remains at record highs and certain markets suffer from overheated rents and pricing, investors are still eager for multifamily developments and projects, according to a new report by CRE global online marketplace Real Capital Markets (RCM). Based on surveys and follow-up interviews with capital investors, […]
Commercial Real Estate & Business News August 21, 2018
Arizona’s Unemployment Rate Dips to 4.6 Percent in July PHOENIX (AP) – Arizona’s unemployment rate has dipped slightly. The Arizona Office of Economic Opportunity reported Thursday that the state’s seasonally adjusted unemployment rate decreased to 4.6 percent in July from 4.7 percent in June. The office says the state’s economy lost 17,500 nonfarm jobs in […]
Commercial Real Estate & Business News August 20, 2018
9 New Hotels coming to Scottsdale, with Six in Old Town Old Town Scottsdale will get its first new hotel in a decade, plus five more. City planners in metro Phoenix’s tourist hotspot say nine new hotels are in various stages of planning, including one in north Scottsdale, six in Old Town and two farther […]