Commercial Real Estate & Business News – June 22, 2021
New Yorkers, Californians Flee to Move to Arizona Americans are moving from population centers like New York, California, and Illinois in record numbers. And one of the hottest plans — both literally and figuratively? A move to Arizona. According to research from North American Moving Services, those moving…» Rent Growth Returns to Pre-Pandemic Levels in […]
Commercial Real Estate & Business News – June 21, 2021
Multifamily, SFR Should Remain Fastest Growing Housing Segment Multifamily and single-family rentals should remain the fastest growing segment of the US housing market says DBRS Morningstar in a new report. “Single-family rental is experiencing unprecedented demand, and we do not expect it to abate anytime soon…» Rental Prices Reach the Highest Level in Two Years: […]
Commercial Real Estate & Business News – June 11, 2021
Phoenix is No. 1 for Net Inbound Moves The pandemic has upended the meaning of home, and prompted many of us to rethink how and where we want to live. A new Zillow survey of inbound moves and outbound moves finds more than 1 in 10 Americans (11%) say they have already moved in the […]
Commercial Real Estate & Business News – June 10, 2021
Investment Firm Westcore Gets $500 Million Infusion From Arizona Pension System Industrial-focused investment firm Westcore received a $500 million equity capital infusion from the Arizona State Retirement System, with plans to pursue further acquisitions and development in high-demand sectors including e-commerce distribution…» NMHC Tracker: 77% of Apartment Households Paid Rent by June 6 In its […]
Commercial Real Estate & Business News – June 9, 2021
An Abundance Of Liquidity Just two years ago, Starwood Property Trust told its shareholders about its first foreclosure on a loan that was net leased to a single grocery tenant that filed for bankruptcy. The 440,000-square-foot distribution center had a loan balance of $17 million, CFO Rina Paniry reminded shareholders on…» Developers, Investors Plan More […]
Commercial Real Estate & Business News – June 8, 2021
Here are the Trends Shaping Senior Living Development America is aging. According to the U.S. Census Bureau’s National Population Projections, in the next few decades, 1 in every 5 residents will be older than age 65, a number that’s projected to outpace those younger than 18 for the first time in…» Phoenix Medical Office Pricing […]