Commercial Real Estate & Business News – January 19, 2017
Commercial Property Prices Show No Signs of Budging The Moody’s/RCA national all-property CPPI rose by 1.4 percent in November compared to October, the firms’ researchers report. Over a three-month period, the index went up 3.0 percent. Suburban office buildings experienced the most significant month-over-month increase in prices, at 2.6 percent, followed by office properties […]
Commercial Real Estate & Business News – January 18, 2017
Where the Best Tech Jobs Are: ‘Phoenix is Huge’ Where are the best tech jobs? Jason Nazar, an Entrepreneur in Residence for the City of Los Angeles and creator of the upcoming TechFairLA, offers his take on where the best jobs in tech are. His list includes Austin, Texas, Boulder, Colorado, Phoenix and La La […]
Commercial Real Estate & Business News – January 17, 2017
Economy Watch: Consumers Start Off 2017 with Confidence U.S. consumers continue to be more optimistic than they’ve been in years, according to the latest reading of the University of Michigan’s Consumer Sentiment Index, which was released just ahead of the Martin Luther King Jr. Day holiday. The index for mid-January came in at 98.1, down […]
Commercial Real Estate & Business News – January 16, 2017
Phoenix Real Estate Giant Vereit Inc. Returning to Normal Phoenix-based Vereit Inc. recently turned a corner on its road to recovery, posting a rare if modest quarterly profit. But that achievement, symbolic as it might be, wasn’t something Glenn Rufrano highlighted in a recent meeting. Rather, the relatively new chief executive officer of Arizona’s most […]
Commercial Real Estate & Business News – January 13, 2017
Home Foreclosures Reach 10-Year Low Foreclosure filings reached their lowest level in 10 years in 2016, ATTOM Data Solutions said Thursday. The year just past also saw the lowest annual foreclosure rate nationwide since 2006. There were foreclosure filings on 933,045 US properties last year, down 14% from the year prior.…» Blackstone, Other PE Firms […]
Commercial Real Estate & Business News – January 12, 2017
The End of the Low Interest Rate Environment? Fed officials raised the target for short-term interest rates by 0.25 percentage points on December 14. The Fed’s most recent forecast projects U.S. economic growth in 2017 to be 2.1 percent, slightly better than the Fed’s previous projection in September. Trump’s expansionistic policy rhetoric-pledging significant spending on […]