Commercial Real Estate & Business News – April 6, 2021

In the first quarter, the single-tenant net lease sector reached historic lows for the retail and industrial sectors, according to new research from The Boulder Group. In Q1, single-tenant retail cap rates compressed by nine basis points to 5.91%. Industrial cap rates fell…»
Land Advisors Organization’s Metro Phoenix Homebuilding team announced the closing of two land sales to KB Home in the much sought-after West Valley of Metro Phoenix on behalf of KB Home Phoenix, Inc. The two sales total $9.2 million for 109 acres, which…»
All eyes remain on Old Town as a prime employment and redevelopment area in Scottsdale, even as other parts of the city, including the Scottsdale Airpark and the McDowell Road Corridor, emerge as heavy-hitters for attracting new development. Stockdale…»
Daily asking apartment rents in Phoenix continue their upward climb, and there are no immediate signs of it slowing. Rents are now more than 8% above January 2020 levels, compared with just a 1% increase nationally. Unwavering rent growth has caused some…»
Arizona is among the states whose economy is least exposed to the coronavirus, according to a new study from WalletHub. In its study, WalletHub says researchers looked at all 50 states and the District of Columbia, and measured them across 13 key metrics, like…»