Commercial Real Estate & Business News – September 11, 2024

For the last two years, the CRE markets have wondered when the big money — the reported huge amounts of capital sitting on the sideline — would re-enter. Well, we might have our answer now. Head of U.S. equity at PGIM Real Estate Soultana Reigle recently told…»

Current trends point to a case for “moderate optimism” about the health of the multifamily sector and the likelihood of increased deal flow, according to Yardi Matrix’s August 2024 national multifamily report. The main reason for this optimism is the Fed’s stated intention to…»

Demand for data storage in Phoenix isn’t slowing down. With little inventory available to meet the rising demand for cloud services and artificial intelligence, developers are flocking to the Valley for new projects because of its availability of land and…»

Since the pandemic, the cost of rent in the Valley has grown and made affordable housing more difficult to attain, even as rents have tapered off from their peak. AZRE magazine sat down with Courtney LeVinus, president and CEO of the Arizona Multihousing Association (AMA), to discuss the…»

The group leading the redevelopment of Metrocenter Mall secured its first demolition permits, clearing the way for the mall, once the largest in the Southwest, to be razed. Phoenix issued the permits on Sept. 5, according to city documents, which will allow the…»