Commercial Real Estate & Business News July 29, 2019
Phoenix Remains Top Market for Rent Growth As Demand Outpaces the Wave of New Supply Phoenix continues to lead the nation in apartment rent growth, as demand outpaces elevated levels of new supply. As cited in the latest CoStar Phoenix Apartment Webinar, robust rent growth, both in apartments and single-family homes, and a shift in supply, […]
Commercial Real Estate & Business News July 23, 2019
Phoenix Office Build Leases Before Ground Breaking Lincoln Property Co. has pre-leased space in its class-A office development Union before ground breaking. The developer has signed a lease with WageWorks for 150,000 square feet in the 1.3 million-square-foot project, located in Mesa. The new lease is an expansion for WageWorks, which is currently located in Tempe, […]
Commercial Real Estate & Business News July 22, 2019
Phoenix Apartment Sales Up 20% For the Year The Phoenix apartment market is officially on fire. In the first half of the year, sales volumes for multifamily communities with 100-plus units increased 20% and represented $3.02 billion in total investment activity, according to research from CBRE that GlobeSt.com has seen exclusively. The investment activity is the […]
Commercial Real Estate & Business News July 19, 2019
West Valley Redefines Itself As a Catalyst for Innovation, Economic Growth Long, long ago in a region many Phoenicians perceived as far, far away, the West Valley was considered … well, perhaps in need of some polish. But it didn’t take a rebellion to change this perception. It took revitalization, rebranding and relaying a more accurate, […]
Commercial Real Estate & Business News July 18, 2019
Papago Plaza Moves Forward with its 11-acre Redevelopment Plan Papago Plaza is moving forward with its 11-acre redevelopment plan for an urban mixed-use lifestyle community featuring specialty restaurants and retail, a grocer, luxury apartment homes and an all-suites hotel designed in an orchard-like setting at the southwest corner of Scottsdale and McDowell Roads.…» Fundraising for Distressed […]
Commercial Real Estate & Business News July 17, 2019
Securitized Loans Appear Back on Track Securitized loan issuance, an indicator of the commercial real estate industry’s health, dipped in the second quarter from a year earlier. Even so, an examination of the data reveals plenty of bright spots.Deals for all property types except single-family rentals were up from the first quarter of this year as […]