Daily News – February 17, 2020
The Cities American Renters Are Migrating To and From in 2020Many species of animals, including birds, fish, and whales, migrate to new locations at various times of the year. While their reasons for moving are likely instinctual and can be credited to temperature, food availability, or mating, humans also migrate in patterns…» Investors See Value […]
Daily News – February 14, 2020
Snapshots: This Solar Firm’s Headquarters Tracks the Sun The stone-and-concrete Papago Gateway Center in the Phoenix suburb of Tempe, Arizona, wasn’t designed 13 years ago to be the headquarters for a major solar panel manufacturing company. Developer…» Construction Begins on Office Building North of Tempe Town LakeConstruction began Wednesday on the 999 Playa building on the north side […]
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. […]