COMMERCIAL REAL ESTATE & BUSINESS NEWS – February 27, 2020
Valleywise Health Breaks Ground on $900M Medical Center in PhoenixValleywise Health, members of the Maricopa County Special Health Care District Board, District Medical Group, community partners, local dignitaries and Kitchell gathered to break ground on the 673,000-square-foot…» New Industrial Deliveries Don’t Hamper Vacancy in PhoenixNew industrial deliveries in Phoenix have not hampered occupancy in the […]
Daily News – February 26, 2020
Foreign Real Estate Investment Grows in Phoenix, Fuels Top SalesInvestment from foreign firms fueled more than $1 billion worth of real estate transactions in Phoenix during 2019, including the city’s two largest office sales.According to CBRE data, the late-2019 purchases of the Biltmore Center for $212 million…» What Lenders Are Thinking as Multifamily EvolvesRecently the […]
Daily News – February 25, 2020
Retail Leasing and Rents Are ReboundingRetail leasing activity and retail rents are starting to rebound. The trend stems from a combination of new, more experience-focused retail concepts and online retailers transitioning into brick-and-mortar locations. As a result, retail leasing…» The U.S. Warehouse Sector Won’t Be Able to Escape the Impact from Coronavirus OutbreakThe coronavirus (2019-nCoV) […]
Daily News – February 24, 2020
Yardi: National Average Rent Falls $1 to $1,463; Rent Growth Steady at 3%The national average rent fell by $1 in January 2020, down to $1,463, while year-over-year rent growth has remained at 3%, according to the latest Yardi Matrix Multifamily National Report. January marks the third consecutive month of declines for the average U.S. rent, […]
Daily News- February 21, 2020
Phoenix Average Rent Registers the Largest Increase in the U.S.RENTCafé just released its January Rent Report, noting that the national average rent reached $1,463 after a 3 percent yearly increase. Phoenix average rent increased the most among the largest renter hubs, by 8.3 percent. While Mesa and Glendale are cheaper…» Toll Brothers to Build Apartments […]
Daily News: – February 20, 2020
MBA Forecasts Another Record Year for OriginationsCommercial and multifamily mortgage originations wrapped up 2019 with the strongest quarter on record since the second quarter of 2007, according to the Mortgage Bankers Association. Fourth quarter originations were up 7 percent over fourth quarter 2018…» Scottsdale Community Leaders, Including ORION’s Larry Kush, Launch ‘The SCOTT Project’More than […]