Why Industrial Activity's Back
In The West Valley
It's taken a long time, but the West Valley is once again a prime location for industrial development, according to JLL managing director Anthony Lydon.
“For the first time in the past seven years, the Phoenix market is open to spec industrial projects in the West Valley,” said Lydon (here with colleague Marc Hertzberg). That's because developers and equity partners are recognizing the strong demand…
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Apple Seeking Approval To Manufacture Data Center Equipment in U.S.
Apple is awaiting approval to manufacture high-tech equipment for data centers in Mesa, AZ. The tech company also applied for special status to designate the area as a foreign trade zone, allowing the products to be exempt from duty payments,…
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Google's Waymo Plans To Test Self-Driving Chryslers Later This Month
More automous cars are hitting the streets. Google's self-driving startup Waymo, which spun off last month, plans to test its newest fleet of Chrysler Pacifica minivans on public roads later this month. Minivans would be tested in Mountain View and Phoenix,…
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SoCal Investor Snaps Up Scottsdale Shopping Center For $46M
LA-based Karlin Real Estate acquired the Pima Crossing shopping center in Scottsdale from Florida-based Regency Centers for more than $46M. The 283k SF retail property is anchored by a PGA Superstore, Pier 1 and Stein Mart, and counts Scottsdale Beer…
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The Good, The Bad And The Ugly: Market Outlook For 5 CRE Sectors This Year
Experts are forecasting boosted GDP, corporate tax cuts, looser lending regulations and an overall improved economic outlook for the U.S. under the Trump administration. But it won't be all sunshine and happiness just yet.
Trump's expected policies will likely drive inflation upward, forcing the Fed to counteract by increasing the pace of interest rate hikes this year. These factors combine for a mixed economic outlook. Here's a quick snapshot of how the five commercial property sectors are expected to fare this year, according to CBRE's 2017 Office Outlook report.
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Debt Capital, Foreign Investment To Remain Widely Available For CRE In 2017
Experts are watching to see if President-elect Donald Trump's future policies will impact the economy as projected.
Most estimates regarding fiscal stimulus from corporate tax cuts, lending deregulation and the like are still a bit premature, experts say, but financial markets are optimistic the president-elect and his Cabinet picks will mean good things for the American economy.
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