Commercial Real Estate & Business News – August 25, 2017

Phoenix traditionally has been a market that can become overbuilt fairly quickly. But if you’re laser focused on specific neighborhoods in the city and its tertiary markets, an abundance of opportunities await. The Central Corridor, for instance, morphed into a very dynamic locale after the Valley Metro light-rail system expanded in the neighborhood. And Arizona State University (ASU) is beginning to expand into downtown, an area that is starting to gentrify…»
Many of the markets where developers have been doubling down on building new apartment units are likely to have enough renters to fill those apartments over the next decade or so, according to the latest research commissioned by the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA). “The analysis suggests that 15 or so metros will lead the way on activity, and they are basically the same 15 or so spots that have…»
Architecture firms have reported increasing demand for their design services for the past six months, as reflected in the July Architecture Billings Index, which was published by the American Institute of Architects on Wednesday. The index came in at 51.9, down from a score of 54.2 in the previous month, but still reflecting an increase in design services…»
SafeWise said that Mesa “keeps the heat on criminals by effective policing that utilizes community outreach and increased training and transparency for better accountability.” The company’s analysis said Mesa has “both lower-than-average rates of crime and wide economic and racial diversity among neighborhoods…»
A joint bid by the United States, Canada and Mexico to host the 2026 World Cup to North America has added Glendale to a list of possible host cities for one or more games. “I am writing to you following a major announcement made July 6concerning the official launch of the Bid Campaign to stage the 2026 FIFA World Cup in the United States, Canada and Mexico,” said Sunil Gulati, chairman of the 2026 United Bid Committee…»