Commercial Real Estate & Business News January 4, 2019

Is a Disruption in CRE Finance in the Forecast for 2019?
The current economic upswing will officially celebrate its 10th anniversary in the first quarter, which is prompting some in the commercial real estate industry to take a hard look at where the economy might be headed. A new report written by CCIM Economist K.C. Conway suggests that there could very well be a disruption ahead in commercial real estate…»
Phoenix Investor Looks to Buy Another 800 Apartments on Heels of Strong 2018
Zev Hendeles, principal of Phoenix-based 3rd Ave Investments LLC, ended 2018 with a $32.8 million purchase of a multifamily complex, bringing the company’s total number of acquisitions to five for the year. He said he expects to buy another 600 to 800 apartments in 2019, which is in line with his goal of buying…»
Suburban Retail Is Getting A New, Urban Look
Urbanization is penetrating suburban markets, and retail centers are among the first to be hit. Retail centers and strip malls, which in general are being transformed or abandoned altogether, are transforming into community-oriented town centers. Institutional investors and developers are at the center of these transformations, working to…»
LA Investor Kicks Off New Year with Huge Phoenix Multifamily Acquisition
Tides Equities LLC kicked off the new year with a $33.5 million acquisition of an apartment complex in north Phoenix on Jan. 2. The 316-unit Crossroads complex acquired by the Los Angeles-based company is at 2222 W. Beardsley Road and is 95 percent occupied, sitting right above metro Phoenix’s average occupancy rate of…»
How Low-Cost Chains are Changing the Retail Game
Dollar store chains are among America’s fastest-growing retailers, but their impact on the industry is coming under increased scrutiny.  Nonprofit Institute for Local Self-Reliance reports that dollar stores are more prevalent than Walmart and McDonalds locations combined, and they feed more people than…»