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Commercial Real Estate & Business News – December 30, 2015

December 30, 2015 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Holiday Surprise for Retailers: Sales Look Better than Expected
Did a last-minute rush make for stronger holiday sales than many — including the National Retail Federation — had expected? That’s the way it looks based on the MasterCard Spending Pulse report, which found that sales (excluding auto and gas) increased 7.9% during the holiday season, led by double-digit gains in e-commerce, women’s apparel and furniture… Read more »
Consumer Confidence Rises As Holiday Cheer Hits Retail
The Consumer Confidence Index rose to 96.5 from November’s upwardly revised 92.6, the Conference Board said. That’s below October’s 99.1 and September’s 102.6. Americans were more upbeat about current conditions and the future in December. They were slightly less positive, net, on business conditions now and in the future. But they were less pessimistic about jobs… Read more »
Tryperion Partners Purchases Five-Story Chandler Office Center
The Chandler Office Center near the southeast corner of Arizona Avenue and Buffalo Street sold to Typerion Partners last week for $17 million, or $163 per square foot. The asset was purchased from Travelers Insurance Companies with no debt recorded… Read more »
Phoenix Area Among Last to Regain 2007 Job Levels
When metro Phoenix edged back to pre-recession job levels recently, it joined a big club. Forty of the nation’s largest markets beat Phoenix there, with some of them filling their job hole years ago. It’s worth considering just how poorly Arizona’s two biggest markets, Phoenix and Tucson, have done in recovering jobs after the Great Recession… Read more »
Home Prices Still Rising at 5% Annual Pace
Steady job growth, low mortgage rates and tight inventories helped spur rising home prices in October, and a stronger job market lifted consumer confidence in December, separate reports showed on Tuesday. The Standard & Poor’s/Case-Shiller 20-city home price index rose 5.5 percent in the 12 months ending in October, up from a 5.4 percent pace in September… Read more »

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Nick Miner, CCIM

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

480-226-8037
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