Commercial Real Estate & Business News – January 19, 2018

For the multifamily sector, 2018 should be a healthy year. Demand is strong-and it will be for some time. That was largely the message at the National Multifamily Housing Council’s annual Apartment Strategies Outlook Conference, held this week in Orlando. However, the optimism at the conference was somewhat tempered by the prospects of increasing supply, rising interest rates and an eventual downturn…»
Amid high prices and slowing rent growth, unlocking value through multifamily investment has grown ever more complex. However, the multifamily industry is adapting well to the needs of residents and investors alike, with 2018 presenting continued investment opportunities, such as in secondary markets. While financing is still readily available, the challenge will be finding assets that deliver attractive returns…»
Houston-based Sunrise Luxury Living has opened The Core Scottsdale, its new apartment community in North Scottsdale, Ariz. Built by hardison/downey construction, Core Scottsdale offers 282 units, spread across studio, one- and two-bedroom units. Among the features and finishes of apartment homes are gourmet kitchens with quartz countertops, gas ranges, under-counter wine centers with towel bars, wood-plank floors…»
The West Valley medical office market is about to get a new star. Plaza Companies has secured two new leases totaling over 23,000 square feet for Estrella Medical Plaza II, and recently broke ground on the building on the growing Banner Estrella Medical Campus, located at 9201 W. Thomas Road in west Phoenix. The building, which was nearly 40 percent leased at the time of the ground breaking at the beginning of 2018…»
The books are closed on the residential real estate market for 2017 and now the numbers are being digested to help guide outlooks for this year. Scottsdale-based RL Brown Housing Reports is out with its year-end data. We talked to Greg Burger, president of RL Brown and Home Builders Marketing, about 2017 and what to look for in 2018…»