Commercial Real Estate & Business News – August 13, 2021

U.S. investment volume sales volume rebounded strongly in the second quarter to $130.9 billion—the third highest Q2 volume on record after 2019 and 2007, CBRE said Tuesday, citing Real Capital Analytics data. Volume was up 169.5% from the pandemic-era trough in Q2 2020. Volume increased significantly across all…»

The multifamily market experienced considerable strength in the second quarter, with anticipation of continued demand in the third quarter, according to CBRE Research’s latest U.S. Multifamily Figures report.The industry saw a net absorption of 179,400 units, the highest second quarter total in…»

IDM Companies announced construction has commenced on a 476-unit multifamily apartment community in Queen Creek, Arizona. IDM was drawn to the site due to the number and quality of nearby retail amenities, central location in Queen Creek, and opportunity to provide additional multifamily housing in this…»

A 62 acre parcel near State Farm Stadium and the future Crystal Lagoons Island Resort could soon be the site of a new, office-anchored mixed-use development, after the Glendale City Council voted Tuesday to enter into an agreement with Plaza Cos. to collaborate on the project.The final vote on the…»

Assuming that the economy continues to recover and job numbers keep improving for the rest of 2021, borrowers should have access to plenty of commercial bank debt at competitive rates, even as lenders remain cautious.“I’m not seeing any indication yet that the second half should…»