Commercial Real Estate & Business News – January 19, 2017

 

The Moody's/RCA national all-property CPPI rose by 1.4 percent in November compared to October, the firms' researchers report. Over a three-month period, the index went up 3.0 percent. Suburban office buildings experienced the most significant month-over-month increase in prices, at 2.6 percent, followed by office properties in general, at 2.1 percent. Retail assets saw the least movement in prices, at 0.1 percent (prices in the sector also fell 0.4 percent over a three-month period)...»

If 2016 taught us anything, it's that nothing is certain. The past year came with its share of surprises-the results of the Brexit vote and the U.S. presidential election, to name just a couple-creating global economic uncertainty across industries. The real estate sector was no exception. Many investors took a more cautious approach, with real estate transaction volume down in each of the first three quarters of 2016, according to Real Capital Analytics Inc., following a record year of deals in 2015...»

 
This January, Arizona has taken two major steps toward embracing the peer-to-peer "sharing economy". First, on January 1, 2017 a new law took effect which, among other things, prohibits municipalities and cities from banning people from listing short-term rentals on sites like Airbnb and VRBO. Second, the Arizona Department of Revenue began a partnership with Airbnb that will provide for the streamlining of tax payments to the state...»

Sales of new and existing homes totaled 115,837 in 2016, according to RL Brown Housing Reports. The Scottsdale real estate research firm says that is the best year for housing in the roller coaster Phoenix market since 2006...»

7 ideas for 2017: Valley economist Elliott Pollack looks at what President-elect Donald Trump's tax plan may mean for our jobs and wallets.  There are reasons to be hopeful about the jobs and economic growth 2017 may bring.  After years of lackluster recovery from the Great Recession, President-elect Donald Trump's policies may move the needle - if handled well...»

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