Commercial Real Estate & Business News – September 15, 2017
What One Dead Mall Can Teach Another: Turning Phoenix’s First Mall Into a High-Tech Hub Park Central Mall was the first shopping mall to open in Phoenix back in the 1950s. Now as other malls – and retailers – wrestle with the world of Amazon.com (Nasdaq: AMZN) and e-commerce, Park Central is looking at a […]
Commercial Real Estate & Business News – September 14, 2017
Bank Loans Still Available for Apartment Construction, but Caveats Abound Even after a flood of new construction, it is still possible to get a construction loan to build new apartment projects. “Everything is financeable at some level and cost,” says Mark Fisher, senior vice president for CBRE Capital Markets. Developers will open more new rental […]
Commercial Real Estate & Business News – September 13, 2017
REIT Investors Find Bigger Returns in Alternative Property Sectors Investors searching for alpha returns in a maturing real estate cycle are looking beyond the mainstream REITs to some of the outliers, such as data centers, cell towers and manufactured housing. “We’re seeing a lot of non-core REIT sector outperformance,” says Haendel St. Juste, senior REIT […]
Commercial Real Estate & Business News – September 12, 2017
Smaller American Cities are Attracting Investment Capital from Overseas There are four simple rules about capital investment, especially in commercial real estate: It will flow to where it’s most wanted, where it’s respected, where it’s safe, and where it has the highest probability of market-rate adjusted returns. And that’s exactly what’s driving international capital into […]
Commercial Real Estate & Business News – September 11, 2017
Managing Risk and Adding Value for HNW Real Estate Investors Ultra-high net worth (HNW) investors and family offices remain challenged to achieve acceptable risk-adjusted returns amid the current robust economic cycle. U.S. commercial property prices have broadly surpassed the previous peak, impacting yields on core, core plus and value-add assets, especially in primary markets. …» How […]
Commercial Real Estate & Business News – September 8, 2017
Why Phoenix thinks it’s Got a Shot at Amazon’s $5B 2nd Headquarters Just about every city and their sister is throwing their hat in the ring for Amazon.com Inc.’s second headquarters. Amazon (Nasdaq: AMZN) has issued a request for proposals for the $5 billion, 8 million-square-foot and 50,000 worker project to go along with the […]