Commercial Real Estate & Business News January 16, 2019

Apartment Rents Expected to Rise Faster Than Inflation in 2019
Rents are likely to rise faster for older, class-B apartments in 2019 than for any other class of apartment property. “We expect Class-B to continue to have the strongest average rent growth, as it has through recent history,” says Andrew Rybczynski, senior consultant at research firm the CoStar Group. Rents continue to rise for new class-A luxury apartments as…»
Where Multifamily Investors Are Seeking Opportunities
Over the last three years, a portion of the multifamily investment community has begun to look beyond urban centers like New York, Boston, and San Francisco. It is not that the fundamentals in these markets haven’t held up. If anything, they are continuing to flourish – and the consensus is that whatever oversupply exists is inevitably temporary. Rather,…»
Health Care Nonprofit Plans New Tempe Headquarters
The Donor Network of Arizona is planning to build a new headquarters in Tempe to accommodate and prepare for workforce growth. According to plans submitted to the city of Tempe, the organization wants to construct a 70,000-square-foot administrative and clinical campus on undeveloped land at the northeast corner of 52nd Street and…»
Whole Foods Won’t Open Any More 365 Stores, Changing Plans for Tempe Location
Whole Foods Market’s 365 experiment is over and that means a change for a long-in-the-works store in Tempe. Heralded by the Austin-based grocery chain as a way to win over price-conscious customers when it launched in 2016, there are 12 locations nationwide of Whole Foods 365. But the company won’t open any more of the smaller stores, according to…»
Workuity Set to Open 2nd Location in Chandler
Workuity, known in Phoenix for its extraordinary co-working spaces and professional environment, recently announced the launch of its second location in Chandler, Ariz. The grand opening is slated for March 1 at the Viridian Development, near the Loop 101 and 202 interchange in the heart of the East Valley, located at…»