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Commercial Real Estate & Business News – October 20, 2016

October 20, 2016 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Consumer Spending Leading Economic Growth, Says Moody’s

Consumer spending in the U.S. has been growing by about 3 percent year-over-year, which is weak by historical standards when the country is not in a recession. However, the risks going forward are weighted to the upside, says Moody’s Senior Director Scott Hoyt…»

More Pension Fund Money Flowing to Commercial Real Estate

Pension funds have been following a clear path of increasing allocations to real estate over the past several years. Despite signs of a maturing market cycle, it appears that most institutions are likely to maintain that same course in 2017…»

Axio Construction Report: New Permits Fall YOY

Total U.S. housing starts for the 12 months ending in August fell from the levels of one month earlier and were flat compared to one year earlier, according to the U.S. Census Bureau. And, while multifamily starts increased from a year ago, the number of multifamily permits issued decreased, perhaps signaling a slowdown from the peak levels of apartment construction seen over the past two years…»

Valley’s Mega Developments Take Time, and Often Come with Big Risks

On the outside, projects such as Westgate, SkySong and Cityscape look like a developer’s dream playground; having everything from eateries to hotels to office space and a lot of acreage to work with. Often, however, getting to the end result of a mega development can be a complicated and tangled web woven between the developer, the banks and the future tenants…»

Planned Roosevelt Row Development to Incorporate Bungalows, Shopping, Dining

A prominent corner in the Roosevelt Row arts district could be transformed into a multistory office, retail and restaurant complex that would incorporate the area’s signature bungalows and a longtime commercial building. Desert Viking Development on Wednesday announced plans for the Blocks of Roosevelt Row on Roosevelt Street between Fifth and Sixth streets. The downtown Phoenix site includes three bungalows from the early 1900s as well the building that houses Flowers Craft Beer and Wine…»

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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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