Commercial Real Estate & Business News – January 23, 2017

Commercial real estate has had an almost uninterrupted run of increasing values since bottoming in the wake of the global financial crisis in 2010. Acquisition yields have persisted at historical lows for several quarters, and many question how long the asset class can remain priced to perfection...»

The American Institute of Architects' Architecture Billings Index (ABI) reflected a sizable and unexpected increase in demand for architects' design services in December, the organization reported this week. The December ABI score was 55.9, compared with 50.9 in November...»

 

Home prices in the United States ended 2016 up 6.8%, growing at their fastest pace of the year compared with the end of 2015, the latest index shows...»

For the first time in a few years, multifamily wasn't "the belle of the ball." Instead most of the excitement was for the industrial and office markets in the Valley...»

In an acquisition that expands its Valley retail portfolio by almost 250,000 sq. ft., CIRE Partners LLC has acquired the Park West shopping center in Peoria. The 46.025-acre lifestyle center is located just west of the 101 Loop at the northeast corner of 99th and Northern Avenues. The privately-owned investment firm paid $33.45 million ($134.24 per foot) to buy the 249,177-square-foot retail plaza and an 18-acre parcel of land located north and east of the shopping center...»

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