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Commercial Real Estate & Business News July 11, 2019

Development Projects Transform Tempe Into Second Urban Center The East Valley city of Tempe is transforming into the Metro Phoenix’s second urban center, as high-rise buildings begin to fill in around Arizona State University, one of the biggest development magnets, if not the biggest, in Arizona. Much of that development is occurring along the traditional avenue, Mill. Currently, there are…»
Loans for Speculative Projects Continue to Flow in Industrial, SFR Build-to-Rent Sectors
As this real estate cycle stretches out, the availability of financing for speculative development appears to be more constrained than during the last market peak, although opportunities continue to present themselves to investors betting on the growing e-commerce distribution sector. Financing of speculative construction is…»
Virtua Lands Funding for Opportunity Zone Project in Tempe
Virtua Credit has placed funding for an opportunity zone project in Tempe on behalf of its affiliate Virtua Partners. The firm has secured a $15 million non-recourse construction loan for Virtua Partners’ 90-unit entry-level apartment complex in Tempe through a third party. Located at East Broadway Road and South…»
Recent Fed Reserve Policy Changes Bolstering Net Lease Investment Market
The Boulder Group reports that the recent policy changes by the Federal Reserve have sparked renewed optimism among net lease property investors based on decreasing cap rates, and the narrowing bid-ask spread in the asset class. In its just released 2Q2019 Net Lease Market Report, The Boulder Group states that cap rates for the…»
The Housing Market is About to Shift in a Bad Way for Buyers
Competition in the housing market finally began to cool this year, as listings multiplied and price gains moderated. Bidding wars became less frequent and spring sales perked up a bit. Well, forget that. The heat is on yet again. The housing shortage that fueled competition and resulted in sky-high price gains throughout 2017 and…»