Commercial Real Estate & Business News – April 3, 2014

213-Unit Apartment Campus Breaks Ground

Peak Campus Development announces that it has started construction on a 213 unit/600 bed apartment community in Tempe adjacent to Arizona State University’s main campus. The project is slated to open in August 2015… Read more

ASU Real Estate Report: Home-Buyer Demand “Subdued,” but Rental Demand Very Strong

The home-buying market in the Phoenix area is still “quiet,” but the same can’t be said about rentals. According to the monthly real estate report from Arizona State University’s Center for Real Estate Theory and Practice, the rental supply in the Phoenix area is at “unusually low levels” due to a heavy demand… Read more

Apartment Rents Climb As Vacancies Drop; Housing Prices Rise

Apartment landlords continued to push through hefty rent increases at the start of the year, although the pace of the rises was slightly weaker. Rental rates increased 0.6% during the first quarter, according to data from 79 U.S. metro areas that was released Tuesday by Reis Inc., REIS -0.37% a real-estate research firm… Read more

New CRE Loans Hit All-Time High

During the fourth quarter of 2013, commercial and multifamily mortgage originations were strong, boosting mortgage debt outstanding to a new all-time high. In fact, the fourth quarter marked the highest volume of commercial and multifamily mortgage originations since 2007, with all investor groups increasing their activity, according to the Mortgage Bankers Association’s just-released 2013 Data Book… Read more

The Future of Apartment Cap Rates

Have you invested in an apartment property over the past four years? If you have, there’s a really high probability that it’s gone up in value since you purchased it. During this time, valuations for apartments across the country have been on an upward trajectory, driving down cap rates to levels last seen in 2005… Read more