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Commercial Real Estate & Business News – April 13, 2017

April 13, 2017 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Economy Watch: Small Business Optimism Still Strong

Since last November, small business owners have been feeling confident about their prospects, which could lead them to take on more office and industrial space as they expand, according to the National Federation of Independent Business’ latest economic trends report…»

Construction and Lending Boom Raises Federal Reserve Concerns

In the wake of growing uncertainty about the current commercial construction surge and multifamily supply glut, Federal Reserve officials have ordered banks to review the consequences of a potential commercial real estate crash, and report how they would fare if CRE prices dropped 35%…»

Arizona Tech Sector Landing Top Spots for Jobs, Companies According to Report
 

Collectively, Arizona ranks No. 14 among all states in the Cyberstates 2017 Innovation Score. The tally is based on an analysis of tech startups, new tech business establishments and new tech patents – electrical, computers, digital processing and data systems, information security, error/fault handling, semiconductor devices and telecommunications – granted by the U.S. Patent and Trademark Office on a per capita basis…»

Foreclosures Lowest Since 2006; See Which Markets are Winning and Which are Losing

In Phoenix, there were 2,895 foreclosure filings during first-quarter 2017. That is better than pre-crash levels of 5,322 foreclosures per quarter and well off the peak of the foreclosure wave, which happened during first-quarter 2010 when there were 45,198 foreclosure actions in the Phoenix market, according to Attom. The current level is down 94 percent from that peak…»

Strong March Great Sign for Metro Phoenix Housing in 2017

 

March was a great month for metro Phoenix. The weather was wonderful. Baseball’s spring training was in full swing. And people flocked here to enjoy both. To close out the month, we also had basketball fans starting to stream into the Valley for the finals of March Madness. And some of those visitors checked out homes as well as the college championship basketball games…»

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Nick Miner, CCIM

ORION Investment Real Estate
7150 E. Camelback Road
Suite 425
Scottsdale, AZ 85251

480-226-8037
nick@nickminer.com

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