Commercial Real Estate & Business News – January 15, 2016
CRE Fundraising Expected to Set Fifth Successive Annual Increase Closed-end private real estate funds look to be on pace to have raised a combined $127 billion in 2015, surpassing the $111 billion raised by the investment funds in 2014, according to Preqin, which tracks the alternative assets industry, including real estate. With 492 funds currently […]
Commercial Real Estate & Business News – January 14, 2016
Why Some Infill Projects Are Going Vertical Across Greater Phoenix When Donald Trump wanted to build a 150-foot-tall condominium and hotel tower at 22nd Street and Camelback in 2005, the surrounding single-family, low-rise neighborhoods cried out. When Macerich predecessor Westcor wanted to go up 165 feet across Camelback Road at Biltmore Fashion Park a few […]
Commercial Real Estate & Business News – January 13, 2016
Stagnant Homeownership Rate Likely Means Decades of Strong Demand for Apartments Over the next two decades, demand for rental apartments will likely continue to be strong, if current homeownership rates remain where they are or improve only modestly. The homeownership rate and how low it will remain going forward is one of the biggest questions […]
Commercial Real Estate & Business News – January 12, 2016
Mid-Sized Users Drive Industrial Sector Representing the power of the market’s mid-sized industrial user, Lincoln Property Company (LPC) has completed the sale of a five-building Northwest Phoenix industrial portfolio to Colorado-based REIT Industrial Property Trust Inc. in a $37.98 million deal. The deal includes the Lincoln Deer Valley and Lincoln Pinnacle Park assets…Read more » Retail Sales […]
Commercial Real Estate & Business News – January 11, 2016
Business Booms In Downtown Phoenix’s Reborn Warehouse District Just south of the railroad tracks in downtown Phoenix, warehouses that once played an integral role in the city’s development are now home to thriving businesses. Throughout the Warehouse District, historic buildings have begun to see new life through rehabilitation and renovation in recent years, as businesses […]
Commercial Real Estate & Business News – January 8, 2016
Demand For New Homes, Construction Workers In Phoenix Soar Demand for new homes in metro Phoenix is climbing so rapidly that contractors can’t get them built fast enough. New home permits were up more than 40 percent in 2015 from 2014. And an early tally for December shows it will be best month for new […]