Commercial Real Estate & Business News – April 13, 2016
Lincoln Breaks Ground on 250K SF Offices The first building totals four stories and 213,056 square feet. It is part of the larger The Grand at Papago Park Center, a major urban mixed-use project by master developer Papago Park Center, Inc. At build-out, the development will total 60 acres and 3.2 million square feet of […]
Commercial Real Estate & Business News – April 12, 2016
B To A Renovation And Ample Parking Seal The Deal The office building is within the Fiesta District–an area undergoing a $500 million redevelopment boom, and in walking distance to approximately 55 restaurants and four hotels… Read more » Phoenix Unemployment Drop Stands Up Well on National Scale The Phoenix metro was among the top third in […]
Commercial Real Estate & Business News – April 11, 2016
U.S. Job Market Firming Despite Anemic Economic Growth The number of Americans filing for unemployment benefits fell more than expected last week, suggesting the labor market continued to strengthen despite tepid economic growth. Initial claims for state unemployment benefits declined 9,000 to a seasonally adjusted 267,000 for the week ended April 2, the Labor Department […]
Commercial Real Estate & Business News – April 8, 2016
Annual Effective-Rent Growth Surpasses 4% Once More For the seventh-straight quarter, annual effective-rent growth eclipsed 4% in 2016’s first quarter, according to Dallas-based Axiometrics. That streak of growth has happened only one other time (the fourth quarter of 2010 through the second quarter of 2012) in the company’s 21-year history… Read more » There’s Unmet Demand for […]
Commercial Real Estate & Business News – April 7, 2016
US Apartments Emerge as Outstanding Real Estate Rental Investment Sector Worldwide Rental apartments are proving to be a sound investment in top global real estate markets, led by the United States but also strong in Germany, the latest analysis report suggests. Rental growth in the US accelerated to its highest pace in the first quarter […]
Commercial Real Estate & Business News – April 1, 2016
Jobs Report Could Ease Concerns on Economy The global economy is listless. Consumer spending is losing some steam. But America’s job engine keeps chugging, and that may be all that really matters. Payroll processor ADP’s report Wednesday that the private sector added a sturdy 200,000 jobs in March is reinforcing expectations that the government will […]
