Commercial Real Estate & Business News – March 14, 2024

Multifamily investors appear to be paying less per dollar of property income compared to one year ago, according to Freddie Mac’s latest quarterly update of its Multifamily Apartment Investment Market Index (AIMI). That’s because while mortgage rates have risen significantly, the increase…»

About 2,400 apartment units are under construction in downtown Phoenix, putting the submarket in danger of being overbuilt. Developers have been ramping up apartment construction throughout Phoenix for the past several years, which is causing real estate experts such as Peter…»

Seniorly today released the Best of Senior Living Awards 2024 and identified the 334 best facilities in America. Arizona ranks No. 5 in the nation with 15 award-winning senior living facilities including the No. 6 best facility in the nation — Acoya Troon in Scottsdale, AZ. California led…»

Controversial legislation to stop Arizona cities from requiring HOAs, minimum home sizes and community amenities has passed in both the House and Senate and is headed to the governor. House Bill 2570 garnered bipartisan support in the Legislature to address Arizona’s…»

How much is an office building in a big city worth these days? No one really knows. The big picture: Investors have been poised to pounce on depressed office properties for a while now, but there hasn’t been much opportunity for actual deal-making. Yes, but: That’ll probably start to change…»