Commercial Real Estate & Business News – May 8, 2017
Shopping Center Execs Push Back Against Fallout from Bankruptcies Retail REITs have been hitting back against the onslaught of negative retail headlines and analyst sentiments during the current round of quarterly earnings conference calls…» Top Challenge for Industrial Investors is Finding Assets to Buy While industrial is not the sexiest type of real estate, it […]
Commercial Real Estate & Business News – May 5, 2017
Apple Pumping $1B into U.S. Advanced Manufacturing and Why Arizona Fits into that Push Apple Inc. is creating a $1 billion investment fund to grow advanced manufacturing in the U.S. Apple CEO Tim Cook made the announcement on CNBC’s “Mad Money”. Arizona and more specifically the East Valley and Phoenix could fit into that mix. […]
Commercial Real Estate & Business News – May 4, 2017
Downtown Phoenix Struggles with Affordable Housing in Midst of Development Development in Phoenix is rising, and it is causing even more obstacles for affordable housing advocates. There are only 18 affordable units available per 100 renter households in metro Phoenix, according to the National Low Income Housing Coalition. Only four cities in the U.S. have […]
Commercial Real Estate & Business News – May 3, 2017
Organic Grocer, Restaurant Center Sells for $31M The Scottsdale Towne Square shopping center has sold for $31 million. The retail property is near Scottsdale and Thunderbird roads. It totals 162,259 square feet. The seller was Tucson-based Holualoa Scottsdale Retail LLC. The buyer was Salt Lake City based Woodbury Corp. A Natural Grocers (NYSE: NGVC) store […]
Commercial Real Estate & Business News – May 2, 2017
Did Job Growth Bounce Back in April? Did the labor market rebound after adding just 98,000 jobs in March? That’s the question this week’s economic news will answer. Most analysts believe job growth resumed its solid pace, but another disappointing showing would raise concerns about the economy’s health after the anemic first-quarter growth reported by […]
Commercial Real Estate & Business News – May 1, 2017
ASU Expert: Why the Real Estate Market Still Sees Promise and Peril in Trump Arizona State University real estate expert Mark Stapp says commercial real estate brokers are optimistic about President Donald Trump’s moves to cut regulations and the push to cut corporate, personal income and investment taxes…» Market Trend: Phoenix’s Office Vacancy Increases to […]