Commercial Real Estate & Business News February 11, 2019

Scottsdale Multifamily Investor to Build $16.9M Project in South Phoenix
A Scottsdale multifamily investor has purchased some vacant infill land in south Phoenix to build its own project, looking to ride the popularity of single-family hybrid rental communities. Avenue North LLC paid $2.05 million cash for 6.7 acres at the northwest corner of 16th Street and Baseline Road. Plans call for developing a…»
The New Space Race: Learn More About 5 Well-Known Valley Coworking Spaces
There are about 35 coworking spaces in the Valley, each with its own features. Several originated in the area, while other national and international firms have also set up shop. Following is a quick look at five of the spaces that have drawn significant interest through the years from companies looking for a place to work.…»
2019 Forecast and How it Affects the Future of Commercial Real Estate
At the Annual 2019 IREM/CCIM Forecast, held on January 24th, Elliott Pollack and a host of panelists gathered together to discuss the state of the economy here in Phoenix, including what is driving growth and if the trend will continue. We are in the second longest period of recovery and Pollack indicates that we are in the 8th inning. As the period of…»
Real-Estate Stocks Beating S&P 500 for First Time Since 2015
Real-estate investment trusts are on pace this year to outperform the broader stock market for the first time since 2015, as investors seek safety in high-yielding property stocks during the broader equities rout. These real-estate stocks look poised for another solid year, according to many analysts, as volatility shakes much of the rest of the stock market. With JPMorgan Chase estimating that…»