Commercial Real Estate & Business News – March 22, 2017
Apartments Along Washington Street Sell for $25M A luxury apartment community along Washington Street, near the Red Mountain Loop 202 Freeway, sold for $25 million to Denver-based Capital Real Estate, according to the brokers on the deal. The property is along the light rail and has a mix of one- and two-bedroom floor plans, featuring […]
Commercial Real Estate & Business News – March 21, 2017
Higher Cap Rates, Lower Property Values Not a Foregone Outcome from Interest Rate Hike With the quarter-point interest rate hike a done deal as of today, the Federal Reserve is signaling that the US economy is another step closer to full health after its slow recovery from the depths of the Great Recession. …» Regulators […]
Commercial Real Estate & Business News – March 20, 2017
Development Surging Along South Scottsdale’s McDowell Road In recent years, surging development along the McDowell Road corridor has been in the process of replacing vacant commercial lots with mixed-use properties and multifamily residences. In 2016, the Scottsdale City Council approved rezoning for Aire on McDowell and Phase 2 of Skye on McDowell, new residential subdivisions […]
Commercial Real Estate & Business News – March 17, 2017
Economy Watch: Interest Rates Rise, So Does Inflation Unsurprisingly, the Federal Open Market Committee decided to raise interest rates again in March, signaling its optimism about the direction of the U.S. economy…» CRE Sector Adjusts to Rising Interest Rate Environment Citing a strengthening labor market, moderate economic growth and increasing inflation, the Federal Reserve raised […]
Commercial Real Estate & Business News – March 16, 2017
The Fed Raises Interest Rates Again, Saying ‘Economy is Doing Well’ Don’t look now, but nearly eight years after the Great Recession ended, it’s finally starting to feel like a normal economy again, at least judging by the Federal Reserve’s second interest rate hike in three months. The Fed on Wednesday raised its benchmark short-term […]
Commercial Real Estate & Business News – March 15, 2017
Chinese Now The Largest Group Of Foreign Investors In U.S. Commercial Real Estate Chinese investors were the single largest group of foreign investors in commercial real estate in the U.S. last year, with deal volumes reaching a record high of $19.2 billion, up 10% from $17.3 billion in 2015, according to a new report from […]