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U.S. Economic Expansion Has Clear Runway to 2021, Says Wells Fargo Economist The current U.S. economic expansion - 120 months and counting - is poised to become the longest in modern U.S. history come July. Mark Vitner, senior economist at Wells Fargo Securities, says the runway is clear for … [Read more...] about Commercial Real Estate & Business News June 5, 2019

Census Reveals The Fastest-Growing Cities In The U.S.: Here's Why Phoenix Is So Hot A business-friendly environment, plentiful job opportunities and affordable cost of living have pushed Phoenix to the top of the list of the fastest-growing cities in the United States. Newly released Census … [Read more...] about Commercial Real Estate & Business News June 4, 2019

Healthcare Clinics Become Sought-After Tenants at Shopping Centers Expect to see more healthcare clinics in shopping centers, as landlords want to capture a piece of the growing healthcare industry to boost foot traffic and sales. Today's healthcare services in retail locations typically … [Read more...] about Commercial Real Estate & Business News June 3, 2019

CMBS Delinquency Rate in April Posts Another Decline, Led by Retail-Backed Loans April, the most recent month for which data is available, showed a decline in the all-property 30+ days CMBS delinquency rate, according to both Trepp and Fitch Ratings. Trepp reported that the overall delinquency … [Read more...] about Commercial Real Estate & Business News May 31, 2019

Socially Focused Apartment Project Breaks Ground Near Downtown Phoenix As Vacancies Drop Developer Property Markets Group just broke ground on the first phase of a 20-story apartment, retail and office project in Phoenix, where increasing jobs are boosting the rental market and reducing … [Read more...] about Commercial Real Estate & Business News May 30, 2019

Current Economic Expansion Could Become Longest Yet, Says Nadji The reinvention of the retail sector now underway is getting a boost from a U.S. economic expansion that is nearly a decade old but which still has legs, says Hessam Nadji, president and CEO of brokerage services firm Marcus & … [Read more...] about Commercial Real Estate & Business News May 29, 2019