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 […]
Commercial Real Estate & Business News – June 7, 2021
A Guide to what’s new and Under Construction in Phoenix and Other Valley Cities As Arizona’s economy rebounds from the pandemic, the state’s population is growing, jobs are being created and travel and tourism are coming back.The state could soon recoup all of the jobs lost in last year’s recession, with no housing bubble on […]
Commercial Real Estate & Business News – June 4, 2021
Here are the Healthcare Building Trends that Emerged from Pandemic It’s been more than a year since the World Health Organization declared the COVID-19 outbreak a pandemic and the first related deaths were reported in the U.S. During the height of the pandemic, hospital systems were stressed as available beds ran dangerously low in cities […]
Commercial Real Estate & Business News – June 3, 2021
California Investor Pays $128 Million for Two Greater Phoenix Apartments Developer P.B. Bell sold two apartment complexes in midtown Phoenix and Glendale, Arizona, to a private California investment firm for $128.2 million, as out-of-state buyers scoop up more Phoenix-area multifamily investment properties. JB Partners, based in…» Lenders Take Note of Hopeful Signs for Office and […]