Commercial Real Estate & Business News – November 15, 2016

Consumers are feeling a little better about the U.S. economy, or at least they were before the election. The University of Michigan's Consumer Sentiment Index in early November (91.6) reversed the small October decline to climb to its highest level since mid-2016...»

In a good omen for the upcoming holiday season, consumers spent more than expected in October, as U.S. sales rose more than expected. Retail sales increased by 0.9% over September and grew 2.2% on a year-over-year basis, according to the National Retail Federation. The calculations excluded automobiles, gasoline stations and restaurants...»

 

Housing in general was never a central policy that came up in either candidate's campaign this year, but now that President-elect Trump is set to assume the office in January, it's time to ask how he, and a Republican-controlled Congress, will affect the apartment industry...»

 
Hard to believe, but there was a time not so long ago when apartments were not considered the major property type in the commercial real estate sector they are today...»

The Madison Street Jail in the heart of downtown Phoenix has sat empty for more than 10 years. A cell door swings shut in a wing of the old jail, where trash litters the floor, and past inmates' graffiti marks the walls...»

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