Commercial Real Estate & Business News – November 24, 2014

Commercial Real Estate Is Now a Market of the Haves and Have Nots

The rebounding real estate market isn’t treating all commercial property owners equally. Properties like apartment buildings and downtown office buildings have recovered all the value they lost during the bust and then some. But other types of properties, like suburban office buildings, are still worth a lot less than they were before the crash... Read more »

Key Commercial Index Topped Prerecession Peak in September

Commercial property topped peak prerecession values in September according to a leading index, but some subsectors — like suburban office buildings — are still lagging. The Moody’s/Real Capital Analytics CPPI repeat sales index measuring all U.S. commercial property reached 182.02 in September, the highest point since the November 2007 reading of 181.70... Read more »

3 Arizona Cities in Top 10 Safest Cities

The 235 thousand person city experienced a five percent decrease in violent crime throughout 2013–the most recent year for which the FBI has provided data. Gilbert, Arizona also maintained its rank at #2... Read more »

Under the Hood: Metro Phoenix Driving Arizona Job Growth, Rest of State Struggles

Arizona created 28,500 jobs in October, nearly double the average job-creation rate for the month and well-above the post-recession gains for October. The unemployment rate dropped to 6.8 percent from September's 6.9 percent, and a full percentage point less than last year... Read more »

Hines Levels Chandler Eyesore

Hines razed Elevation Chandler November 20, an unfinished structure and local eyesore, and kicked off the rise of Chandler Viridian, a mixed-use development, during an event called “Elevating Chandler’s Economic Future.” The event included Chris Anderson, managing director and local city leader for Hines, and Chandler Mayor Jay Tibshraeny... Read more »

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