Commercial Real Estate & Business News August 1, 2018
Graycor Raises Massive Panels at TEN Distribution Center Graycor Construction Company has completed the first of three “Panel Lifts” at TEN Distribution Center 1, providing an initial glimpse at the size and scope of building one at Irwin G. Pasternack AIA + Associates PC’s planned $300 million, 3.6 million-square-foot industrial park in Phoenix, Arizona. The […]
Commercial Real Estate & Business News July 31, 2018
Understanding the Cityscape: 8 Key Trends in Urban Neighborhoods As common as it is to consider urban and suburban environments opposites in terms of density, development, and culture, it’s neither helpful nor accurate to define all urban locations by their high-population downtowns or all suburbs as strictly single-family residential. So concludes The New Geography of […]
Commercial Real Estate & Business News July 30, 2018
How the US Economy is Doing Now in Four Charts While he was on the campaign trail, President Donald Trump promised to grow the country’s economy by more than 4% per year, a rate not seen since the mid-2000s. On Friday, his prediction came true. The government reported that gross domestic product grew at a 4.1% […]
Commercial Real Estate & Business News July 27, 2018
Phoenix Retail Space Absorption up 10% Over 2017 Net absorption of retail space in Greater Phoenix surpassed 500,000 square feet for the second quarter in a row, which signaled continued improvement for the market. Limited construction of new space and tightening vacancy forced rental rates up during the last three months. “The limited addition of […]
Commercial Real Estate & Business News July 26, 2018
Iconic Scottsdale Tennis Club Sells to The Wolff Company for Residential Healthcare Facility SCOTTSDALE, Arizona – The iconic Scottsdale Tennis Club, with 11 championship tennis courts and pool, will soon be redeveloped into Revel Scottsdale – a refined 159-unit senior community. The property will have 270-degree unobstructed views to the west, north, and east of […]
Commercial Real Estate & Business News July 25, 2018
‘Severe’ Housing Shortage Hits US home sales, Lifts Prices Sales of previously owned US homes fell for the third-straight month in June and prices struck a record high amid a “severe housing shortage”, according to data released on Monday. Existing home sales fell 0.6 per cent in June to an annualised rate of 5.38m units, according […]