The impact of lower oil prices on the U.S. commercial real estate market can be analyzed from two perspectives: the direct impact and the indirect impact. The indirect impact of lower oil prices The impact of lower oil prices on commercial real estate markets has largely been indirect thus far. That is, lower oil prices have hurt the global economy due to the dependency of a number of countries... Read more »
Several Sun Belt metro areas recently rebounded after experiencing large migration dropoffs during the years immediately following the Great Recession.Consider the Phoenix metro area, which has recorded net domestic migration gains exceeding 40,000 each of the past two years after adding only about 3,000 residents in 2010 and 4,000 in 2011... Read more »
Arizona has finally recovered all the jobs lost during the Great Recession, according to the latest data from the Arizona Department of Administration.For the first time since October 2007, Arizona has more people in the workforce than ever before. With 25,300 jobs added in February, the workforce hit a record 2.7 million, topping the 2.69 million workers eight and a half years ago... Read more »
Judging by recent events, turning down rival Simon Property Group’s buyout offer last year was the right move for Macerich Co. Last spring, Macerich walked away from a $16.8 billion buyout bid from Simon, saying that the offer undervalued the company and its growth prospects. Instead, the Santa Monica, Calif.-based REIT sharpened its focus on its core business... Read more »
In the latest episode of the NAREIT Podcast, Joi Mar, analyst for real estate analytics with Green Street Advisors, discussed trends in real estate asset valuations. Mar said that despite signs of a healthy economy in the United States, the market is giving off "mixed signals." Although the employment picture bodes well, the strength of the dollar, concerns about China and fluctuations in the energy sector are weighing on economic growth, according to Mar... Read more »
I'm Nick Miner. I have been working in Commercial Real Estate since 1998 and have completed over $218 million dollars of sales and leasing activity in my career. In September 2012, I made the move to ORION Investment Real Estate and am currently a Senior Vice President - Investments. How can I help you?
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