Commercial Real Estate & Business News – January 17, 2017

U.S. consumers continue to be more optimistic than they've been in years, according to the latest reading of the University of Michigan's Consumer Sentiment Index, which was released just ahead of the Martin Luther King Jr. Day holiday. The index for mid-January came in at 98.1, down slightly from 98.2 at the end of December, but up from 98.0 at mid-month December. A year ago, the reading was 92.6, so consumers are quite confident compared to then...»

 

Commercial real estate executives are upbeat on industrial, infrastructure and multifamily asset classes for 2017, according to the 2017 Real Confidence Executive Index from Altus Group, in partnership with NAREIT and the National Council of Real Estate Investment Fiduciaries (NCREIF)...»

 
Research by commercial real-estate firm CBRE says more than 1.3 million square feet of new retail space opened across the Valley last year. That's more than double the year before, but still a fraction of the pre-recession peak...»

Probably the most surprising news this week came from the U.S. Blue Chip consensus forecast. The latest consensus forecast, a survey taken on January 5th and 6th, was somewhat surprising to me. The real GDP consensus forecast for 2017 was 2.3% compared to the 1.6% expected for 2016...»

Arizona State University has been named the lead institution for a new U.S. Department of Transportation Tier 1 University Transportation Center that plans to focus on improving regional travel demand forecasting...»

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