Commercial Real Estate & Business News – February 18, 2021
Capital Markets Remain Strong for Affordable Housing Considering the unprecedented challenges faced in 2020, the affordable housing industry managed to do pretty well. Projects still got built, capital continued to be available for new deals, and, perhaps, new light was even shined on the importance of a place to call home. Having weathered economic…» Top […]
Commercial Real Estate & Business News – February 17, 2021
Phoenix Megaproject Closer to Groundbreaking After receiving rezoning approval from the city of Phoenix, Macerich and RED Development are moving forward with redevelopment plans for Paradise Valley Mall, requesting the City Council’s approval tomorrow, Feb. 17. The developers intend to transform the 1.2 million-square-foot shopping center into a 6.5…» 5 Arizona Housing Market Predictions for […]
Commercial Real Estate & Business News – February 16, 2021
Arizona Ranks No. 5 for Migration Growth If you’re of the opinion Tennessee and Arizona are fun places to visit and would be beautiful spots to live, take a number and get in line. U-Haul customers are well ahead of you. The Volunteer State posted the largest net gain of U-Haul trucks crossing its borders […]
Commercial Real Estate & Business News – February 15, 2021
Stimulus Should Support Property Values Until the Recovery Begins Right now, there’s a lot of money on the sidelines waiting to scoop up distressed assets. In a new research video, John Chang, SVP and director of research services from Marcus & Millichap, estimated that between $50 and $100 billion is waiting to acquire deeply discounted […]
Commercial Real Estate & Business News – February 12, 2021
Big Box Cap Rates Drop As investors chased big box assets with investment-grade, essential tenants, cap rates in the single tenant net lease big-box sector decreased by 25 basis points to 6.75% from Q4 2019 to Q4 2020, according to The Net Lease Big Box Report from The Boulder Group. Properties with grocery related tenancy…» Scottsdale […]
Commercial Real Estate & Business News – February 10, 2021
Why US Office Demand Is Likely to Slump 15% Post-Pandemic Green Street has encapsulated two major trends driving the office sector right now to provide a tangible (and grim) number for office demand post-COVID: -15%.COVID-19 has wrought a slew of changes to the sector, with social distancing stabilizing densification, or less square feet per worker, […]