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Commercial Real Estate & Business News – December 1, 2017

December 1, 2017 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Buoyed by Millennials and Omnichannel, Holiday Sales Off to Strong Start
Without any worrisome developments like a financial sector meltdown or a presidential election upset, and encouraged by a strong economy, American consumers turned out in strong numbers to brick and mortar and online shopping channels alike, giving retailers an encouraging start to the 2017 holiday shopping season. From Thanksgiving Day through Cyber Monday, more than 174 million Americans turned up to shop in person and online, according to data from the National Retail Federation (NRF). On average, consumers spent $335.47 per person…»
Which Companies Carry the Highest Value in Leases for US Office and Industrial Real Estate?
The top 1,000 corporate, government and institutional occupiers in the U.S. hold leases worth an aggregated rent value of more than $135 billion, encompassing just over 8.4 billion square feet of office, industrial and flex space across about 115,500 properties, according to a recent analysis of CoStar Group tenant data. The study ranks occupiers by the current value of rents paid across their U.S. real estate portfolios in CoStar’s database…»
Multifamily Rents Hold Steady In November
SANTA BARBARA, CA-Apartment rents held steady in November while decreasing slightly from the previous month for all unit sizes, RentCafe reported Wednesday. On a market level, the fastest year-over-year growth is occurring in small and medium-sized cities, while some of the more volatile metro areas are stabilizing. November’s average monthly rent of $1.358 is just 2.5% higher Y-O-Y…»
Robot Manufacturing Company Lands in Arizona
Eclipse Automation – which makes automated and robotic equipment and systems for manufacturers – is opening a new facility in Mesa. Eclipse, which is based near Hamilton, Ontario, already has locations in Charlotte, North Carolina, and Fremont, California. The automation company landed on Broadway Road near Loop 101. It will hire 50 automation engineers and technicians for its Arizona center in the East Valley…»
Growth in Arizona’s Economy has Slowed, but No Recession in Sight
Arizona’s economy has slowed over the past year but remains on a growth trajectory with no recession in sight, according to economists speaking at an event in Phoenix on Wednesday, “Arizona has downshifted a bit,” said Lee McPheters, an economics professor at Arizona State University, referring to job growth. But he predicted the statewide job tallywill pick up in 2018 as the national economy expands…»

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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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