Commercial Real Estate & Business News – August 20, 2024

The Phoenix apartment market is navigating a multidecade-high wave of construction activity, and at the epicenter of this supply boom is downtown Phoenix. Expansions by higher education institutions, growth in the bioscience industry and a new offering of restaurants, bars and…»

A current general problem for CRE, and office properties in particular, is the lack of price discovery. There haven’t been enough transactions over the past 18 months to provide comparable sales and an insight into how markets value the assets. However, Moody’s in a new report said that two market signals are…»

At the beginning of 2024, there was widespread hope that interest rates would stabilize, sparking a resurgence in origination activity. At the same time, the multifamily market was expected to see some of the highest new supply in nearly 40 years, which would put fundamentals to the test. According to Freddie Mac…»

“This is an incredible milestone for Cavasson,” said Brian J. Ellis, President of Nationwide Realty Investors. “Achieving 100% lease occupancy in an extremely tough global office market is a testament to the strength of our project. The fact that top employers and best-in-class brands continue to choose Cavasson is a…»

It has become commonplace for metro Phoenix to rank among the top U.S. markets for growth and development. Add another notch on its belt. The Valley was recently named the No. 6 industrial market for the largest leases and renewals signed in 2024, with five deals making…»