Commercial Real Estate & Business News – January 6, 2016
PHX Sees Growth in Technology Markets With 3.9MSF of office space under construction and the lowest average apartment rent of 37 reported markets, the Phoenix area offers strong appeal to technology firms.According to a recent JLL report, the Loop 101 corridor, also known as the Silicon Desert, offers both challenge and opportunities for tech firms […]
Commercial Real Estate & Business News – January 5, 2016
Rent Hikes Stress Single-Family Renters Rising rents for single-family rental homes are stressing the budgets for many households. “There may not be as much room to raise rents going forward. We are starting to see affordability become an issue,” says Daren Blomquist, vice president with data firm RealtyTrac, which tracks foreclosures. Demand for single-family rental […]
Commercial Real Estate & Business News – January 4, 2016
Consumer Confidence in U.S. Increases More Than Projected Consumer confidence rebounded more than forecast in December as Americans grew more optimistic about the current state of the economy and job market. The Conference Board’s sentiment index climbed to 96.5 from a revised November reading of 92.6 that was higher than previously estimated, the New York-based […]
Commercial Real Estate & Business News – December 31, 2015
HAPPY NEW YEAR! Investors Going Back to Core in 2016, Keeping an Eye On Tech, Energy Sectors and Corporate Downsizing The shift of investor money away from easy price appreciation to current net operating income is already beginning to define the office market of 2016. The change in investment strategy is particluarly evident among pension […]
Commercial Real Estate & Business News – December 30, 2015
Holiday Surprise for Retailers: Sales Look Better than Expected Did a last-minute rush make for stronger holiday sales than many — including the National Retail Federation — had expected? That’s the way it looks based on the MasterCard Spending Pulse report, which found that sales (excluding auto and gas) increased 7.9% during the holiday season, […]
Commercial Real Estate & Business News – December 29, 2015
LBA Realty Closes 279 Million Purchase of Office Buildings at Camelback Esplanade In one of the largest commercial office investments completed in the Valley, LBA Realty in Irvine, Calif. (Phil Belling, managing principal) paid $279 million ($288.69 per foot) to buy 966,421 sq. ft. of office buildings within the Camelback Esplanade mixed-use project located at […]
