Commercial Real Estate & Business News March 28, 2019
CMBS Delinquency Rate Falls Below 3.00 Percent in FebruaryThe 30+ day CMBS delinquency rate fell below 3.00 percent in February, as market observers previously predicted. Research firm Trepp reports that the delinquency rate for all property types fell 15 basis points month-over-month to 2.87 percent. The figure was 164 percent lower than the 30+ day […]
Commercial Real Estate & Business News March 27, 2019
After Sluggish Q4, Valley Homebuilders Now Bullish on Spring Selling SeasonComing off a bit of a sales lull during the fourth quarter of 2018, Valley homebuilders are confident about home sales this spring. Officials with Tempe-based Fulton Homes and Scottsdale-based Maracay Homes say they’re gearing up for a strong market during the next few months. With 5,000 […]
Commercial Real Estate & Business News March 26, 2019
Great Wolf Lodge Will be Latest Indian Country Entertainment DestinationOne of the most anticipated projects the Valley has seen in decades is coming together on Salt River Pima-Maricopa Indian Community land in Scottsdale. The state’s first indoor water park, located next to Salt River Fields at Talking Stick, is in the stretch run of construction, […]
Commercial Real Estate & Business News March 25, 2019
Sports, entertainment corridors driving Valley development, experts sayThe throngs of fans who attend spring training baseball games in the Valley generate hundred of millions of dollars in economic impact but may also be influencing future development of “entertainment corridors” in areas around some Cactus League fields. …» Report: Construction contractors regain confidence in January 2019Construction industry […]
Commercial Real Estate & Business News March 22, 2019
Apartment Rent Growth Trends Continue in Early 2019 as Phoenix Enjoys a ‘Golden Age’ for Multifamily PropertyPhoenix has consistently ranked among the top multifamily rent growth markets in the nation in recent years, and strong rent gains early in 2019 indicate no change in that trend is expected any time soon. The Phoenix multifamily market…» […]
Commercial Real Estate & Business News March 21, 2019
Nation’s Largest Homebuilder Gobbling Up Big Chunks of Valley LandLennar Corp. (NYSE: LEN) is busy gobbling up land in metro Phoenix and there’s no indication the Miami-based homebuilder will slow down any time soon. “We are certainly committed to this market,” said Jeff Gunderson, senior vice president of land acquisition and development for Lennar, which […]