Commercial Real Estate & Business News – October 23, 2024

There are encouraging indications that prospects for multifamily deals are looking up, according to the National Multifamily Housing Council’s survey of market conditions. Indexes of sales volumes, equity financing and debt financing all reached their highest levels since April 2022. However, the market…»

The Market Tightness Index came in below the breakeven level for the ninth consecutive quarter, indicating looser market conditions. Beyond the headline number of 37, there was a 13-percentage-point increase in the number of respondents who thought the market was looser now than…»

Link Logistics has sold the Phoenix Gateway portfolio, a six-building industrial collection totaling about 860,200 square feet in Phoenix. EQT Exeter paid $143.2 million for the assets in all-cash transactions, public records show. Located in the Airport submarket, the facilities were fully leased at the…»

Tempe is planning a new housing and shopping hub at a recently purchased Food City Plaza in north Tempe. This latest purchase is one of six projects planned by Tempe to increase housing. No development partner has been announced yet. “We are at the very early stages. We closed on the transaction on…»

America’s housing stock continues to grow faster than it did before the pandemic-induced housing frenzy, as builders race to fill a shortage of 4.5 million homes. The latest analysis from Zillow shows roughly 1 million single-family homes were completed in 2023, the second-highest annual…»