Commercial Real Estate & Business News – June 11, 2015
Arizona’s Economy at a Glance: 10 Measures to Watch In important ways, Arizona’s economy has not rebounded from the Great Recession as quickly as the nation as a whole. Here are some key measures of the state’s economic health… Read more » Phoenix-Mesa Best City for Retirement, Prescott and Tucson Rank Three and Four Arizona’s blazing, bright […]
Commercial Real Estate & Business News – June 10, 2015
Phoenix Ranks in Top 10 Undervalued Housing Markets Phoenix took a major hit when the housing bubble burst, but it’s also had a big recovery. The city is a favorite among snowbirds and the job market has been improving, the report found… Read more » 8 Markets with Biggest Office Construction Pipelines Phoenix, one of the cities […]
Commercial Real Estate & Business News – June 9, 2015
Host Hotels Pays $400M for Scottsdale Resort Bethesda-based Host Hotels & Resorts has acquired the Phoenician, a 643-room resort in Scottsdale, Arizona, for $400 million. The Phoenician sits on 300-acres at the base of Camelback Mountain. The AAA Five-Diamond property includes nine restaurants and bars, 83,500 square feet of meeting space, a 27-hole golf course, […]
Commercial Real Estate & Business News – June 8, 2015
Where are Cap Rates and Interest Rates Headed? Not everyone in the commercial real estate industry believes that interest rates will rise this year, despite indications in March that the Federal Reserve would probably increase them. And even if rates do rise, commercial real estate experts disagree as to how that will change business. ?It?s […]
Commercial Real Estate & Business News – June 5, 2015
Survey: Economy is ‘Somewhat Positive’ for Phoenix Small Businesses A new survey found that Phoenix small businesses owners felt better about their future in May than in April. San Francisco-based Thumbtack reported that in May 74.4 percent of Phoenix-area small businesses said that in three months from now the company’s financial outlook will be a […]
Commercial Real Estate & Business News – June 4, 2015
Why Are CRE Execs So Happy? Commercial real estate executives are feeling much more confident about the market this year with nearly 60 percent saying they are more optimistic than last year, according to the sixth annual Akerman U.S. Real Estate Industry Outlook Survey released today. The report found CRE professionals surveyed this year had […]
