Commercial Real Estate & Business News – August 15, 2022

Increased Cost of Capital Forces a Reset of Multifamily Valuations

In early June, two days before the Federal Open Market Committee increased the Federal Funds Rate by 75 basis points, Odyssey Properties Group struck a deal to buy a multifamily asset in Dallas at a 3.5 percent cap rate. The Los Angeles-based real estate investment firm was…»

Retail Real Estate: Solid in Q2


In the midst of economic and market volatility, retail real estate held its own during Q2 2022. Commercial real estate analysts all indicted that inflation is impacting consumer spending, while less supply under development and delivery are supporting single-digit vacancy rates…»

2 Midcentury-Look Apartment Complexes Planned for Central Phoenix

Two apartment complexes in the works on Osborn Road in central Phoenix aim to embrace the midcentury modern look of the Encanto area while filling older or vacant space in the heart of the city. Local Midtown is a complex that…»

Ryan Cos., Westcore Kick Off Phoenix-Area Project

A joint venture between Ryan Cos. and Westcore Propertieshas broken ground on Hatcher Industrial Park, a two-building business park totaling 906,125 square feet in Glendale, Ariz. Ryan Cos. is the builder, while Ryan A+E Inc. serves as…»

Consumer Sentiment Inches up as Gasoline Prices Fall; Inflation Fears Ease

Consumers are feeling a bit better in August.In preliminary results for August, the University of Michigan’s index of consumer sentiment edged up to 55.1 from a July reading of 51.1 and above the all-time low reading of 50 (adjusted from 50.2) in June…»