Commercial Real Estate & Business News – March 31, 2016
Downtown Mesa Property Could See $42 Million Makeover A prominent yet long-struggling downtown Mesa property could soon get a $42 million makeover with housing, retail and green space. The project, on the largely vacant northwestern corner of Country Club Drive and Main Street, would be the first market-rate housing development built downtown in decades, bringing […]
Commercial Real Estate & Business News – March 30, 2016
Next Nine Months To Bring Strategic Sales Activity The Greater Phoenix commercial real estate market closed 2015 on a fairly high note, with most property sectors showing strengthening fundamentals. The office market is improving at the fastest pace, with vacancies tightening and rents rising. Net absorption of office space topped 1.9 million square feet in […]
Commercial Real Estate & Business News – March 29, 2016
Why More and More in U.S. are Returning to Work Hundreds of thousands of Americans are streaming back into an improving labor market as employers raise wages and hire less skilled job candidates to cope with an intensifying worker shortage. The portion of the U.S. population working or looking for jobs — known as the […]
Commercial Real Estate & Business News – March 28, 2016
Project Watch: Breaking Down The Biggest Construction Projects Around Phoenix Phoenix is a town built on real estate, and what was nearly died during the Great Recession finally is starting to reboot. In all corners of the region, construction on various commercial real estate projects is in full bloom with plenty more in the pipeline. […]
Commercial Real Estate & Business News – March 25, 2016
The Drop in Oil Prices Has Had a Negligible Impact on CRE The impact of lower oil prices on the U.S. commercial real estate market can be analyzed from two perspectives: the direct impact and the indirect impact. The indirect impact of lower oil prices The impact of lower oil prices on commercial real estate […]
Commercial Real Estate & Business News – March 24, 2016
Building Owners Enjoyed 2015 Property NOI Growth at Highest Levels Since 2007 For commercial property owners, 2015 was a very good year. According to early analysis of securitized loan results through February of 2016, the commercial properties backing the loans posted strong net operating income (NOI) growth, increasing 3.8% on average in 2015. Average NOI […]
