Commercial Real Estate & Business News – November 13, 2017

 

The Dodge Momentum Index rose in October, climbing 13.2 percent to 130.9 (2000 =100) from the revised September reading of 115.6, according to Dodge Data & Analytics. The move higher in October nearly reversed the erosion of the past four months (including September's sizable decline), with October posting healthy gains in both sectors, commercial and institutional development. The index is a monthly measure of the initial reports for nonresidential building projects in planning. Activity at this stage tends to lead construction spending for nonresidential buildings by a full year...»

E-commerce sales have increased by 16 percent year-over-year and now account for 9 percent of all U.S. retail sales. E-commerce also accounts for about 12 percent of industrial leasing activity and an additional 22 to 30 percent of indirect leasing through closely tied logistics, distribution and 3PL channels...»

Link Phx is one of several apartment or condominium towers planned or under construction in downtown Phoenix, including a 31-story residential tower on the Arizona Center's grassy lawn just a block away. "The Link Phx will address the demand for rental residences that has been fueled by the influx of students to downtown Phoenix," said JJ Smith, principal of Chicago-based CA Ventures, which is developing the project with Diamond Realty Investments, Mitsubishi Corp.'s real-estate division...»

A Texas developer has bought 8.7 acres of land on the Price Road Corridor next to Chandler Fashion Center and wants to build 300 Class A apartments there...»

Five Star Development, owner and masterplan developer of the under-construction Ritz-Carlton hotel and residences in Paradise Valley, announced today a limited number of Villas have become available...»

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