Commercial Real Estate & Business News – April 30, 2021

Peoria offered up a steep subsidy to move forward with a $510 million project to pad out the P83 entertainment district with apartments or condominiums, a full-service hotel and office space. More than a year after city leaders floated plans for the…»
The joint venture of Tempe-based Metro Commercial Properties and Principal Real Estate Investors of Des Moines, Iowa announced the commencement of development for five new light industrial properties totaling 406,575 square feet to be…»
Vereit, a Phoenix-based owner of offices, restaurants, stores and other commercial properties, will be acquired by Realty Income Corp. of San Diego, with the companies planning to spin-off nearly all of their office properties. The announcement on…»
Cap rates may compress during the latter half of this year, despite rising Treasury yields, as the economic recovery continues to follow a K-shaped trajectory. A recent analysis from MetLife Investment Management notes that the US five-year…»
The pandemic disrupted not only how Americans work, but also where they live. No longer reaping the benefits of the live-work-play lifestyle, residents of top-tier cities went in search of more affordable housing options. While some markets fell out of…»