Commercial Real Estate & Business News October 15, 2019
Reis: Vacancy Rate Unchanged at 4.7% in Q3 2019 The national apartment vacancy rate was 4.7% in the third quarter of 2019, unchanged from the last quarter and flat year over year from Q3 2018, according to the Reis Q3 Preliminary Trends report. Overall, vacancy has shifted 0.3% in the last two years for the markets […]
Commercial Real Estate & Business News October 11, 2019
Arizona Burnishes National Tech Cachet As Global Hotel Chain Expands Business Hospitality chain Choice Hotels International plans to almost double the presence of its technology division in greater Phoenix, becoming the latest tech operation to expand in the biggest city in a state that’s a national leader in surging technology growth. The technology division of Choice […]
Commercial Real Estate & Business News October 10, 2019
Rent Control and the Importance of a Free Market The issue of rent control is a sensitive one. It’s hard to make a stand for the importance of a free market undefined by governmental intrusion without sounding like a greedy landlord. But there is a place in that market for fair accommodation of housing that’s reasonably […]
Commercial Real Estate & Business News October 9, 2019
Fed Keeps Net Lease Cap Rates Low Asking cap rates for all property types-retail, industrial and office-in the single tenant net lease investment sector moved lower for the second consecutive quarter. In its Third Quarter 2019 Net Lease Market Report, The Boulder Group attributed this trend to a number of factors, including the Federal Reserve lowering…» […]
Commercial Real Estate & Business News October 8, 2019
CMBS Issuance Trends Slightly Lower This Year Than in 2018 CMBS issuance volume might end this year slightly lower than in 2018, according to industry sources. At the end of September, U.S. CMBS issuance volume stood a $56.1 billion, according to Commercial Mortgage Alert, an industry newsletter. That figure is slightly behind the 2018 pace of […]
Commercial Real Estate & Business News October 7, 2019
Sources: Bill Gates Affiliate Connected to West Valley Land Buy Is Microsoft founder Bill Gates behind another massive land buy in the West Valley? Public documents and real estate sources indicated Gates’ investment company, Cascade Investment LLC, had a hand in a $25 million purchase of more than 2,800 acres known as Spurlock Ranch in Buckeye. […]