Commercial Real Estate & Business News – September 17, 2015

Rate Increases Will Be ‘Healthy’ for CRE

In the view of Ronald Dickerman, founder and president of Madison International Realty, starting the rate-increase process now will benefit the industry, long-term as well as near term. "This low interest rate environment has been unprecedented and has been one of the biggest subsidies the real estate industry has enjoyed in the past seven or eight years," he tells GlobeSt.com. "We’ve all been waiting for the US economy to come out of low gear and get into medium and high gear in a world that has been very sluggish"... Read more »

Why Real Estate is Overdue for Technological Evolution

In the past two decades, we have witnessed a technological revolution that has provided consumers with more choices and greater access than ever before. We have seen companies such as Amazon, eBay and Zappos launch into the mainstream as a result. Entire industries have been disrupted, and companies such as TD Ameritrade and E-Trade have revolutionized the way investors trade and invest in stocks, and caused high-priced, full-service brokerage firms to shut their doors overnight... Read more »

Housing Demand Expected to Surge Over the Next 10 Years

In what could be a huge boon to apartment owners, the Mortgage Bankers Association (MBA) expects 13.9 million to 15.9 million more households will be formed by 2024. The demand will come from a number of places... Read more »

Kimpton to Bring Hotel to New Tempe Project

Tempe is getting a 15-story Kimpton hotel, which is scheduled to be part of a new development along Mill Avenue. The top-ranked boutique hotelier will be managing the hotel at One Hundred Mill, the twin office and hotel towers taking over portions of the old Monti’s La Casa Vieja. The Hayden House Tempe LLC project is developing the $190 million project at the corner of Mill Avenue and Rio Salado Parkway. The 237-room Tempe Kimpton will share the corner of Mill Avene and Rio Salado Parkway with a 15-story mixed use retail and office complex... Read more »

In Arizona Technology Industry, Bigger Can be Better

From the start, let me say we’re fortunate to live in a state that has created a technology ecosystem that makes it easier for entrepreneurs to get their start. It seems a month doesn’t go by without news of a new incubator, accelerator or makerspace program coming to fruition so those people with great ideas have a fighting chance to at least make it to launch. Of course, the job creation by companies that actually take off helps create the kindling to keep the economic development engines fired up... Read more »

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