Commercial Real Estate & Business News – December 8, 2016
2 Apartment Towers Going up next to ASU in Tempe Construction has started on two high-rise apartment towers on a former parking lot next to Arizona State University in downtown Tempe. The development, yet to be named, will include 20-story and 12-story buildings with a total of 407 apartments on the northwestern corner of University […]
Commercial Real Estate & Business News – December 7, 2016
Apartment Vacancy Rate Stays Low, Surprising Researchers Experts warned that hundreds of thousands of new apartments would open in 2016 and drive up the vacancy in the sector. But for most of this year, average vacancy rates stayed low. “The market has proved to be incredibly resilient,”…» Tempe-Scottsdale-Mesa Emerging as Sports and Entertainment Mecca A […]
Commercial Real Estate & Business News – December 6, 2016
Developer Announces Expansion at Scottsdale Fashion Square The owner and operator of Scottsdale Fashion Square on Monday announced plans to renovate the mall’s luxury wing anchored by Neiman Marcus and add residences, office space and a new hotel to the facility near downtown Scottsdale. …» SimonCRE Sells Five Guys, Dunkin Donuts Center for $520 per […]
Commercial Real Estate & Business News – December 5, 2016
Jobs Report Signals December Rate Hike An increase in short-term interest rates looks increasingly likely when the Federal Reserve convenes on Dec. 13 and 14, following the latest national employment report from the US Department of Labor’s Bureau of Labor Statistics. November’s job numbers for non-farm payrolls brought the unemployment rate down 0.3 percentage points […]
Commercial Real Estate & Business News – December 2, 2016
Pricing Recovery Expands From Core Assets US commercial property values rose broadly in October, notwithstanding a flattening in the top tier of the market, CoStar Group said Wednesday afternoon. Data from this month’s CoStar Commercial Repeat Sale Indices also indicate that although January-to-October transaction volume was off 2.5% from the year-ago period…» Raytheon to Add […]
Commercial Real Estate & Business News – December 1, 2016
Phoenix Projected as Number One US Housing Market for 2017 Phoenix is projected as the top housing market in the country for next year, according to a new forecast report by Realtor.com. The real estate group expects Phoenix housing to see price gains of 5.9 percent and sales growth of 7.2 percent.…» Health-Care Giant McKesson […]