Commercial Real Estate & Business News – April 20, 2016
Multifamily Investors Seek More Value-Add Deals Yield-driven multifamily investors are more and more likely to focus on fixing up older properties. Higher prices on apartment properties have squeezed the yields for investors. Value-add investments offer an opportunity to push those yields higher. That might not matter for buyers simply looking for a safe place to […]
Commercial Real Estate & Business News – April 19, 2016
Pollack: Valley Employment Bright The latest employment data and revisions from 2015 show Arizona and its major metro areas have been performing better than originally thought. The first of two major revisions show that Arizona employment in 2015 was up 2.6% compared to the 2.4% originally reported. In Greater Phoenix, growth was 3.3% compared to […]
Commercial Real Estate & Business News – April 18, 2016
Will Millennials Consider Suburban Living? They may have a reputation for wanting the latest in urban living, but not all Millennials fit that mold. In fact, says Sammy Glassman, some of the young homebuyers that she’s worked with lately are bucking that supposed trend and seeking out homes and communities in the suburbs such as […]
Commercial Real Estate & Business News – April 15, 2016
Foreign Buyers of U.S. Real Estate: By the Numbers It’s no secret that foreign investors, from sovereign wealth funds to insurance groups, have been eager to park their money in U.S. commercial real estate lately. A new report from commercial real estate services firm Newmark Grubb Knight Frank breaks down exactly how much money was […]
Commercial Real Estate & Business News – April 14, 2016
CRE Prices Continue to Drop Commercial property price indices continue to bear out the idea that the price appreciation the industry has enjoyed since 2010 is over. The Moody’s/RCA’s all-property CPPI, for example, registered a 0.2-percent decline in February, after a 0.3 percent decrease in January—the first such drop in six years. The greatest decrease […]
Commercial Real Estate & Business News – April 13, 2016
Lincoln Breaks Ground on 250K SF Offices The first building totals four stories and 213,056 square feet. It is part of the larger The Grand at Papago Park Center, a major urban mixed-use project by master developer Papago Park Center, Inc. At build-out, the development will total 60 acres and 3.2 million square feet of […]