Daily News – February 13, 2020
Retail Landlords go Shopping for Bankrupt Chains Property executives are unlikely stewards of youthful clothing brands. But Forever 21 is to be subsumed by two of its largest landlords after retail specialists balked at the prospect of reviving the fortunes of the distressed fast-fashion…» Triumph Properties Group Buys Deer Creek Village for $49.5MTriumph Properties Group has […]
Daily News: February 12, 2020
Investors Still Willing to Pay Top Dollar for Multifamily Multifamily acquisition yields and price per unit have hovered at record lows for several years despite Treasury yields moving up and down by more than 150 basis points during that time. What does that mean for pricing? Yardi Matrix spells it out in its newest report on […]
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 […]