Commercial Real Estate & Business News – April 28, 2017
US Office Vacancy Rises for First Time Since 2010 as Construction Peaks The U.S. office vacancy ticked up 0.1% in the first three months of 2017 to 10.3% marking the first quarterly increase since 2010. Total net absorption in the US office market slipped approximately 9% from the same period a year ago as developers […]
Commercial Real Estate & Business News – April 27, 2017
See Who Launched a New $100M Real Estate Investment Push Here RSE Capital Partners – a Washington D.C. real investment firm – and Domain Communities – a Houston apartment investment company – have teamed to buy a Tempe development for $19.2 million. The purchase is part a new $100 million multifamily investment push RSE and […]
Commercial Real Estate & Business News – April 26, 2017
Silicon Valley Shake-Up: These Are the Next Top Tech Towns Like most of America’s true paradigm shifts, the growth of Silicon Valley’s tech industry started with lots of slow-burning embers-then exploded into a full-scale conflagration seemingly overnight. It took its name from the semiconductor businesses that seeded a patch of Northern California in the 1960s, […]
Commercial Real Estate & Business News – April 25, 2017
Commercial Property Prices Move Sideways The commercial real estate industry is experiencing a period of see-sawing in asset values. While the three major CPPIs that track the market have stayed flat or showed slight declines during some recent month, they also registered minor increases during others.…» Saying Goodbye: Oldest Bashas’ in Phoenix to Close this […]
Commercial Real Estate & Business News – April 24, 2017
Big Real Estate Deal Could Bring 3,200 Jobs to East Valley Hub Another 3,200 jobs could be coming to Tempe at a new development being built at the Loop 202 and 101 freeways. Freedom Financial Network – a Silicon Valley based online financial services and debt consolidation firm – has inked a 300,000-square-foot lease at […]
Commercial Real Estate & Business News – April 21, 2017
Latest ULI Forecast Predicting More Modest CRE Growth Through 2019 Reflecting what one real estate economist described as an overall sentiment of “restrained optimism,” the latest ULI Real Estate Consensus Forecast sees a more modest rate of commercial real estate transaction from the frenzied pace seen in recent years, and a gradual slowing but still […]