Commercial Real Estate & Business News – August 12, 2020

MOB Sales Fell by Nearly 50 Percent in the Second Quarter, But the Sector’s Outlook Is Strong
Investment sales volumes in the medical office buildings (MOB) sector have dipped and cap rates have flattened in recent month, but the sector seems to be bouncing back. The volume of MOB investment sales transactions in the second quarter…»
COVID-19 Downturn Fuels Q2 Falloff in Multifamily Demand
The second quarter is usually strongest in demand for multifamily housing. But that was not the case this year, when net absorption plummeted to the lowest Q2 level in 11 years, only 21,100 units. This was among the findings of CBRE’s Multifamily Figures Report…»
Health and Wellness Real Estate is Moving from ‘Elective to Essential’
In early 2020, before the start of the COVID-19 pandemic, a team of designers from Evanston, Ill.-based Morgante-Wilson Architects set out with a photographer to shoot the amenity spaces at its most recent multifamily interiors project, 727 West Madison, a newly completed…»
2 Arizona Cities Among Most Livable Cities for Minimum Wage Workers
From New York to Los Angeles, American cities are known around the world for being vibrant, industrious, and constantly growing. Every year, more people are enticed into big cities by unique job opportunities, cultures, landscapes, and communities. As populations…»
National Home Prices Expected to Moderate Over Next 12 Months – But Not in Phoenix
While home prices have been going through the roof in the past year, economists at CoreLogic Inc. (NYSE: CLGX) expect a modest price decline over the next 12 months nationwide. Nationally, home prices increased by 4.9% in June 2020, compared…»