Commercial Real Estate & Business News – September 30, 2016

 
Total holiday sales will exceed $1 trillion this holiday (November through January), representing a 3.6% to 4% over last year, according to Deloitte's annual retail holiday sales forecast. E-commerce sales are forecast to increase 17% to 19%, reaching $96 billion to $98 billion during the 2016 holiday season. But big retailers - both physical and online - are likely to face increased competition for a share of those sales as smaller- to mid-sized niche companies continue to take market share...»
 
With construction cranes crowding the downtown skylines in the San Francisco Bay Area, New York City, Seattle and other large CBDs, office developers and investors may do well to branch out into markets and submarkets where competition with other projects isn't so keen and the barriers to entry aren't as daunting...»
09-29-2016 20:29:59 PM
YAM Properties LLC in Scottsdale (Bob Parsons, principal) has added to its portfolio of high profile retail properties with the $72.5 million ($269 per foot) purchase of the roughly 270,000-square-foot Sonora Village shopping center located at the southwest corner of the Loop 101 and Frank Lloyd Wright Boulevard in north Scottsdale...»

Home prices have continued to increase in key cities across the United States over the last 12 months with a rise of 5.1% in July, up from 5% the previous month...»

Phoenix ranks as the 10th most active homebuilding market, according to a new report. There were close to 9,800 new homebuilding permits taken out in the Phoenix metro area during the first half of 2016, according to an Austin-based startup called LawnStarter...»

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