Commercial Real Estate & Business News January 30, 2020

National Multifamily Report – December 2019 The multifamily market ended 2019 with a flat fourth quarter, however, keeping consistent with year-over-year growth staying between 3 and 3.3 percent for all 12 months. Much like November, December showed a drop in rent growth, falling $1 to $1,474 and dropping 10 basis points. Year-over-year rent growth…»
The Danger in Net Lease Investments
There is a prevalent notion that an investor can just buy a net lease property and enjoy the rent checks rolling in each month. But Noah Shaffer, senior director of asset management for Confidant Asset Management, says that isn’t always the case. “Landlords are starting to get calls from Walgreens and others, saying, ‘Hey,…»
How Millennials Impact Affordable Housing Supply
How are population growth and demographics related to affordable housing supply? In San Diego, the population growth has been a steady .6% annually for the last decade, and millennials and gen-Z make up more than half of the population, according to a recent report from Cushman & Wakefield. In addition,…»
Lincoln Property’s The Grand Wins BOMA Building of The Year
Lincoln Property Company (LPC) has won a “The Outstanding Building of the Year” (TOBY) award for its management of The Grand – the first of eight Class A office buildings that LPC is developing at the 60-acre Grand at Papago Park Center mixed-use development in Tempe, Arizona. The Grand now advances to BOMA’s…»
Palmer Development Breaks Ground on The Edge in Scottsdale
Local developer Palmer Development Group broke ground on The Edge, a mixed-use project that includes the largest office building built in central Scottsdale, Arizona, since the recession. The project on the northeast corner of 90th Street & Loop 101 includes a four-story, 212,000-square-foot office building and 22,000…»