Commercial Real Estate & Business News July 15, 2019
Lenders Open Up to Phoenix Construction Deals A few years ago, securing construction debt was a challenge in Phoenix, but today, lenders are actively chasing deals. The capital markets appetite illustrates the evolution of the Phoenix market. Scott Meredith of George Smith Partners recently secured a $67.3 million construction loan for the development of a 254-unit […]
Commercial Real Estate & Business News July 12, 2019
Retail Rents Are Rising Across the Board, But at a Glacial Pace Despite continuing U.S. store closures, retail rental rates are trending slightly higher, and some argue that the overall retail sector is in relatively good shape. “When you take all retail product types, the overall asking rents are going up,” says James Cook, Americas director […]
Commercial Real Estate & Business News July 11, 2019
Development Projects Transform Tempe Into Second Urban Center The East Valley city of Tempe is transforming into the Metro Phoenix’s second urban center, as high-rise buildings begin to fill in around Arizona State University, one of the biggest development magnets, if not the biggest, in Arizona. Much of that development is occurring along the traditional avenue, […]
Commercial Real Estate & Business News July 10, 2019
Phoenix’s Successful Business Attraction Efforts Driving Leasing Activity Phoenix’s value proposition is becoming increasingly attractive and is luring companies from pricey coastal markets, bolstering office leasing activity. The intensifying war for talent, rising cost of living and doing business and political uncertainties has motivated companies to seek alternative locations-and Phoenix is…» Construction to Begin on New […]
Commercial Real Estate & Business News July 9, 2019
Apartment Rental Demand Soars as More Millennials Believe it’s Cheaper than Owning a Home In the D.C. suburb of Chevy Chase, Maryland, a massive apartment rental and condominium complex is going up, and apparently it can’t happen fast enough. Demand for rental apartments in and near cities across America is soaring, just when most thought it […]
Commercial Real Estate & Business News July 8, 2019
This Surging City Ranks No. 2 in Nation for Home Price Gains, No. 1 in Apartment Rent Growth Phoenix is solidifying its position as one of the top markets in the country for home price appreciation and apartment rent growth, while other primary markets lose steam. Home prices in Phoenix rose 6% year-over-year in April, the […]