Daily News- February 11, 2020
Q4 Phoenix Office: Shrinking Vacancies, “Lofty” Absorptions Phoenix’s office market in Q4 2019 showed a great deal of strength, with commercial real estate analysts pointing to positive metrics across vacancy, absorption, rent growth and construction. CBRE focused on strong demand and market fundamentals…» Construction Set for Abrazo Cave Creek HospitalAbrazo Health is set to begin construction […]
Daily News – February 10, 2020
Cousins, Hines Team Up on $153M Tempe Project Cousins Properties and Hines have started construction of 100 Mill, a Class A, 287,000-square-foot office development in downtown Tempe, Ariz. The project has an estimated development cost of approximately $153 million and a completion date scheduled for the first quarter of…» Arizona’s Biggest Parking Garage is Under Construction. […]
Daily News: February 7, 2020
Multifamily Investors Are on the Hunt in 2020 Buyers will be out in force in 2020. That was the emphatic message delivered by attendees who took our annual survey at the GlobeSt. Apartments Conference in Los Angeles late last year. In 2018, just 19% of the respondents to the annual Capital One survey said they anticipated…» […]
Daily News – February 6, 2020
Phoenix Bumps Dallas From Top Spot for Small Business Hiring Growth Phoenix rose to topple Dallas-Fort Worth from its long-held perch atop a monthly index that measures small business job growth. While Arizona’s largest metropolitan area took the top spot, none of the cities registered above 100 on the index from payroll company Paychex and IHS […]
Commercial Real Estate & Business News – February 5, 2020
Will Construction Costs Continue to Rise in 2020? Construction costs continued to climb again last year after years of rapid growth, but could that change in 2020? The new construction pipeline is growing as a result of opportunity zone activity, and in 2020, new construction activity will continue to grow. However, Richard Lara of…» CMBS Loans […]
Commercial Real Estate & Business News- February 4, 2020
Park Central Revitalization Includes State-of-the-art Hotel When complete, the large-scale Park Central revitalization effort will transform a once-defunct shopping area into the city’s premier destination to work and play. Now, the addition of a new, state-of-the-art hotel will help ensure that it’s also a top place to stay for city travelers. The brand-new, dual-branded Home2 Suites/Tru […]