Commercial Real Estate & Business News April 25, 2019

When Office Buildings Go Beyond Green Developers and landlords have for decades sought green certification to help them attain a level of sustainability that can make their buildings more efficient, and cheaper, to maintain in the long run.In turn, the buildings can fetch premium rents and achieve higher occupancy rates.But as the industry for independent review grows, some organizations have started to…»
Life Insurance Companies Expand Multifamily Debt Offerings
Last year marked the largest increase ever in outstanding multifamily debt, a trend fueled in no small part by life insurance companies. Against the backdrop of a persistent low-rate rate environment, many of these risk-adverse institutional investors are now deploying third-party money to get a bigger piece of the multifamily finance pie.In 2018, life insurance…»
Jackson-Shaw, LaPour Partners Kick Off Metro Phoenix Industrial Project
A joint venture between Jackson-Shaw and LaPour Partners has begun development on Parc Germann, a two-building urban industrial project in Chandler, Ariz. JLL will handle leasing for the 224,471-square-foot property, which is expected to open later this year. The firm’s Executive Vice President Pat Harlan and Vice President Kyle Westfall will lead the…»
Phoenix Office Absorption Highest in a Decade
The Phoenix market continues its growth spurt. It’s latest record: office absorption. In the first quarter, Phoenix recorded 1.05 million square feet of total office absorption with new leases accounting for 900,000 square feet of leasing activity, according to a local market report from JLL. This is a 10-year record for office absorption for the market. Phoenix has been…»
Why People Are Leaving Northern California and Moving to Arizona
It’s home to California’s Redwood Empire and Wine Country. It’s got a perfect climate, not too hot and not too cold, with a little fog to make things interesting.It’s not too far from – or too close to – San Francisco. It’s where writer Jack London chose to live out the last days of his short life, and it even has a museum dedicated to cartoonist Charles M. Schulz, the creator of…»