Commercial Real Estate & Business News May 15, 2018
SFR Investors Are Filling the Pipeline with New Development After building a business by scooping up hundreds of thousands of homes nationally to assemble vast portfolios of single-family housing, some investors are now taking the next step and building new homes to meet rental demand. “The build-to-rent market has started to expand significantly over the […]
Commercial Real Estate & Business News May 14, 2018
BOMA Greater Phoenix Scores Victories at 2018 Legislature The 2018 state legislative session that adjourned on May 4 was productive for Arizona’s commercial real estate industry as BOMA Greater Phoenix had a 5-0 record on bills on which it took a position. The biggest joint victory for BOMA was a grand compromise on GPLET reform. […]
Commercial Real Estate & Business News May 11, 2018
Behind the Scenes of the $928M Marina Heights Sale The $928 million sale of Marina Heights was a herculean effort involving a leaseback, a development agreement involving a property tax abatement, at least two partnership agreements, and, of course, “a typical real estate purchase deal.” Transwestern Investment Group and JDM Partners purchased the 2 million-square-foot […]
Commercial Real Estate & Business News May 10, 2018
It’s Survival Of The Fittest For Retailers & Their Landlords DOWNERS GROVE, IL-Brick-and-mortar retail is facing a fight for survival. There’s no news there. And their fortunes are tied in large part to the ability of their landlords to see over the next curling wave of technological change. That, at any rate, is how InvenTrust […]
Commercial Real Estate & Business News May 9, 2018
Ryan Companies and Cadence Senior Living Reveal New Project Mesa, Ariz. – In partnership with Cadence Senior Living, Ryan Companies US, Inc. is designing, developing and building Azure (\ˈa-zhər \) Mesa, an upscale senior living community with an “age-in-place” model that will accommodate a total of 170 private pay, market-rate units. The joint-venture project will […]
Commercial Real Estate & Business News May 8, 2018
Phoenix Remains One of Best Multifamily Markets for Rent Growth It is becoming common to see Phoenix rank among the top rent growth markets in the nation for multifamily. In CoStar’s most recent quarterly update, the Valley of the Sun’s 4.6 percent year-over-year gains were sixth-best among major U.S. metros, trailing only Orlando, Las Vegas, […]