Commercial Real Estate & Business News – October 18, 2016
Office Market Going Strong, But Rent Growth May End in 2018 Office occupancy and absorption rates both remained high in the third quarter, as job growth continued to improve and companies took more risks on new leases, according to experts…» The Best and Worst Cities to Own Investment Property Rental property owners in Phoenix […]
Commercial Real Estate & Business News – October 17, 2016
Economy Watch: Retail Sales Bounce Back in September Both physical and nonstore retail sales are up for the year, with e-commerce continuing its decade-long pattern of growth. U.S. retail and food services sales for September surged upward for the month by 0.6 percent compared with August, the Census Bureau reported on Friday. Compared with September […]
Commercial Real Estate & Business News – October 14, 2016
Economy Watch: Fed Divided on Interest Rates Central bankers seem to be in disagreement about how to proceed with raising the currently ultra-low interest rates, based on The Federal Open Market Committee recently released minutes of its Sept. 20-21 meeting. Some FOMC members believe that waiting might lead to later larger rate increases-and another recession […]
Commercial Real Estate & Business News – October 11, 2016
Clothing Boutique from Owners of The Duce to Open at Uptown Plaza Uptown Plaza in Phoenix will welcome a new clothing store later this month from the duo behind a popular downtown Phoenix restaurant and bar. The couple that owns the Duce in downtown will open a standalone R&R Surplus at the recently renovated Uptown […]
Commercial Real Estate & Business News – October 10, 2016
Scottsdale Galleria’s 25-year Saga Takes a Turn as a Tech Hub About 25 years ago, an opulent shopping center with posh shops, a walk-through aquarium and an IMAX theater, the likes of which was not found anywhere else in Arizona, opened in the heart of Scottsdale. The city’s main drag, Scottsdale Road, was realigned to […]
Commercial Real Estate & Business News – October 4, 2016
Bass Pro to Acquire Cabela’s in $5.5 Billion Deal Bass Pro Shops has agreed to buy competitor Cabela’s Inc. for $65.60 a share in cash, valuing the deal at about $5.5 billion. Sidney, Neb.-based Cabela’s (NYSE: CAB) announced the deal Monday, ending a week of speculation about the outdoor sports retailers…» Whitestone Adding To Portfolio…Pays […]
