Commercial Real Estate & Business News – August 18, 2020

Despite a Steep Drop in Volume, Industrial Remains the Shining Star of the CRE Universe
The industrial sector has been deemed one of the top performing commercial real estate asset classes, due to low vacancy rates, rising rents in some markets and positive net absorption. But despite solid fundamentals, investment sales volume in the sector…»
Multifamily Landlords in Arizona Are Faring Better Than Most
Two Arizona markets are among the top in the nation for multifamily rent growth. Fueled by robust population gains and a moderation in single-family home building over the past decade, healthy demand for apartments has given landlords leverage to lift rents. Among all large…»
Demand for Single-Family Rental Market Expected to Grow
One trend to watch in the real estate market in the coming years is that demand for single family homes specifically built to rent is expected to grow, according to a recent report. Real Estate Advisors is forecasting that, given current demographics of more householdings…»
Merit Partners Buys Land for $1.5 Billion Glendale Industrial Park
A Phoenix-based developer instrumental in the Red Bull and White Claw facilities being built in the West Valley has closed on a 614-acre parcel of land in Glendale that will be the site of a $1.5 billion logistics park development. The parcel at the southwest corner of Bethany Home…»
Would Simon’s Tenants Go Along with Amazon as Their New Neighbor?
Perhaps more than any other modern company, e-commerce behemoth Inc. has disrupted the retail landscape. Within that territory, Amazon is now poised to shake up the retail real estate sector. The Wall Street Journal reported on Aug. 9 that Amazon is exploring…»