Commercial Real Estate & Business News September 10, 2019
Phoenix Apartment Pipeline Heats Up as Demand Outpaces Supply Even with nearly 14,000 apartment units under construction in metro Phoenix, builders still can’t keep up with demand.According to research conducted by Kasten Long Commercial Group exclusively for the Phoenix Business Journal, metro Phoenix has 13,631 units within 54 projects under construction. Of those, 23 totaling…» Nonresidential […]
Commercial Real Estate & Business News September 9, 2019
This Corridor Has Quickly Become the Hotspot for Retail and Hospitality Development in Phoenix Several new projects in varying stages of development will join the cluster of retail, entertainment and hospitality tenants in Phoenix’s Central Scottsdale submarket. The area surrounding the Talking Stick entertainment corridor within Salt River Pima-Maricopa Indian Community along the Loop 101 has […]
Commercial Real Estate & Business News September 6, 2019
For Many Retailers, Single Women Will Become the Make or Break Demographic, Morgan Stanley Study Finds Single women might just single-handedly boost the success of retailers like Lululemon, Nike, TJ Maxx and Ulta Beauty, according to a new study by investment bank and financial services company Morgan Stanley. The study is called the “Rise of the […]
Commercial Real Estate & Business News September 5, 2019
Elite Football Programs Translate to Lower Cap Rates on Student Housing Acquisitions Elite college football programs drive more investment into student housing assets at universities associated with those programs, according to several industry sources. “There definitely is a direct parallel between the two. Enrollment typically continues to grow at universities with winning football programs,” says Sean […]
Commercial Real Estate & Business News September 4, 2019
Lego to Open 160 Stores as Other Toy Retailers Suffer Lego is rapidly increasing the number of its own-brand stores and investing heavily into ecommerce as it seeks to navigate the turmoil in the toy industry. Niels Christiansen, Lego’s chief executive, said on Tuesday it would open more than 160 new stores this year – an […]
Commercial Real Estate & Business News September 3, 2019
Arizona Universities Take Different Approaches to Commercial Development University campuses have sparked private development around the Valley as developers look to capture space on the periphery of where companies and workers want to be. But with the state’s private and public universities all in growth mode, some higher education officials see the benefit of bringing commercial […]