Commercial Real Estate & Business News January 25, 2019
Vantage to Build Its Largest Data Center in North America Near PhoenixVantage Data Centers bought 50 acres in Goodyear, Arizona, for construction of its largest data center campus in North America to date, in the latest sign of rising demand in the Phoenix area fueled by the growth of cloud computing and e-commerce companies. The […]
Commercial Real Estate & Business News January 24, 2019
Why Investors Still Favor Metro Phoenix for Multifamily AcquisitionsMetro Phoenix’s population and job growth are keeping investors bullish on the multifamily market in 2019. Also driving investor enthusiasm is the affordability factor – even though rents continue to rise in metro Phoenix, it’s still less expensive than many West Coast cities. In metro Phoenix, 20 […]
Commercial Real Estate & Business News January 23, 2019
This Year’s Winners and Losers In The Multifamily MarketsSupply is one of the themes in Fannie Mae’s Outlook for 2019, which is being released this morning. Namely, the GSE expects the multifamily market to remain positive but it warns that a wary eye must be kept on the amount of supply coming online. This year […]
Commercial Real Estate & Business News January 22, 2019
Global CRE Volumes Reached $733B Last YearLondon remains the largest commercial real estate investment market in the world after knocking New York from its perch in 2017, according to a new survey by JLL. Overall, global CRE investment volumes totaled $733 billion last year…» The Top Multifamily Lenders for Freddie Mac in 2018Last year Freddie […]
Commercial Real Estate & Business News January 21, 2019
How the Government Shutdown Impacts CREAs the longest government shutdown in American history heads into its fourth week, the commercial real estate industry is preparing for possible repercussions. Chief among the concerns in the industry is the finalization of recently proposed Opportunity Zone regulations and the possibility of a trickle-down effect. The Internal Revenue Service […]
Commercial Real Estate & Business News January 18, 2019
When it Comes to Apartments, Phoenix Remains One of Best Rent Growth Markets in the U.S.Phoenix continues to pay dividends for investors who bet on its multifamily market. At the end of 2018, year-over-year rent growth for apartments averaged roughly 7 percent in the Phoenix metropolitan area, second to only Las Vegas among major U.S. […]