Apartment Developer Keep Building, Despite Fears of More Rent Control Laws
In spite of fears surrounding the expansion of rent control laws throughout the nation, developers in some of the biggest U.S. apartment markets haven’t pulled back on new projects. “These laws alone probably won’t slow down new construction,” says John Sebree…»
PayPal Phoenix Data Center Building Fetches $122 Million in Sale
PayPal Inc. sold its central Phoenix data center for $122 million but will remain as a tenant in the facility.According to real estate database Vizzda, the deal was a sale-leaseback to PayPal, whose lease of the buildings runs until 2028. The complex includes three buildings totaling…»
Fifth Wall’s $100M Retail Fund Pushes Online Brands Into Brick-and-Mortar World
Venture capital CRE firm Fifth Wall has closed on a $100 million fund whose goal is to transition online retailers to a physical presence. The fund’s backers include Acadia Realty Trust, Cushman & Wakefield, Macerich, and Nuveen Real Estate. As part of the fund’s…»
Valley Office Developers Take Inspiration from Hospitality Industry for Work Spaces
Office developers in the Valley are looking to the hospitality industry for inspiration in creating workplaces where employees can feel most at home.”We are in a great time where we have the ability to have fun with design,” Curt Kremer, founder and managing…»
Buckeye Is Set for a Retail Boom
Buckeye, Arizona is poised for a retail boom. The market is one of the fastest growing in the US, and the current general plans includes economic sustainability, proper land use, quality roadways and infrastructure and protecting our unique environment. The changes coming to the market…»