Commercial Real Estate & Business News – August 11, 2021

U.S. industrial continues to prosper during the pandemic, posting 102.2 million square feet of positive net absorption for the third consecutive quarter, according to Transwestern’s second-quarter U.S. industrial market report. Markets leading net absorption in both Q2 and year over year include…»
The West Valley saw the most industrial construction in the region in the second quarter as Phoenix hit records in new construction and low vacancy rates, Jones Lang LaSalle said in its latest industrial insight report.Of the more than 18 million square feet of new industrial product under…»
A California investor bought an apartment complex just outside Phoenix, one of the cities fueling an acquisition and development flurry of multifamily properties in the U.S. Southwest. Los Angeles-based Benedict Canyon Equities bought Jade Scottsdale, a 330-unit apartment complex at…»
Malls are no longer just places to shop for clothes, have lunch or maybe take in a movie. You also might wind up buying a new car. As automakers turn to nontraditional ways to market their vehicles, more are giving malls a try, attracted by the heavy foot traffic and a non-pressure atmosphere…»
ATTOM, curator of the nation’s premier property database, today released its second-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 34.4 percent of mortgaged residential properties in the United States were considered equity-rich in the…»