Commercial Real Estate & Business News – April 1, 2024

Private Cash Buyers Dominate Net Lease

Are you a net lease investor with $5 million cash in your pocket? Then you’re golden in the current market. Right now the sector’s biggest problem is that there is a considerable amount of supply on the market and not enough buyers willing to invest at cap rates where the...»

Bed Rush Hits Old Town Scottsdale

On the way to joining the extraordinary “bed rush” of tall hotels rushing Old Town, a funny thing happened to the Winfield: It went into trusteeship. Though Scottsdale real estate wheeler-dealer David Slattery Sr. stresses that does not equate to bankruptcy, it still hardly…»

Employment Training Provider Adding 1,000 Jobs After Leasing Phoenix Office Building

Peckham, a nonprofit vocational rehabilitation organization that provides training and job opportunities for persons with significant disabilities and other barriers to employment, leased all of the space in the One Compass Center office building in Phoenix, spanning more than…»

Risks and Rewards

In many downtowns across the nation, office vacancies are hitting record levels. Against that backdrop, cities are grappling with the effects of hybrid work, which is cutting into tax bases, threatening downtown vibrancy and contributing to a growing amount of vacant office…»

Self Storage Investors Wait for Housing Recovery, Lower Rates

This is supposed to be the “busier” spring leasing season for self-storage but the mood in the industry is mostly “somber” but optimistic for the future, according to a new report from Yardi Matrix. “Performance slipped in 2023 and there are few signs that market conditions are…»