Commercial Real Estate & Business News July 17, 2019

Securitized Loans Appear Back on Track Securitized loan issuance, an indicator of the commercial real estate industry’s health, dipped in the second quarter from a year earlier. Even so, an examination of the data reveals plenty of bright spots.Deals for all property types except single-family rentals were up from the first quarter of this year as the market rebounded from a slow start.…»
Phoenix Leads the Nation in Employment Growth, Fueling Demand for Office Space
Phoenix is one of the top markets in the country for office demand, thanks to the highest level of employment growth in the country.Net absorption exceeded 3.1 million square feet over the past 12 months ending in June, placing the metro area eighth among all U.S. markets for office demand. Office absorption was led by metro areas with…»
Cap Rates on Apartment Acquisitions Take a Slight Dip in the First Half of 2019
Multifamily investors are still eager to buy apartment properties, pushing cap rates even lower. For years, apartment experts predicted that yields on investments in apartment rental properties would rise. Years passed, but cap rates in the sector remain historically low, and are getting lower.…»
JPI Sells 283-unit Jefferson Chandler
JPI announced the sale of Jefferson Chandler to Dallas-based Rosewood Property Company. The city of Chandler, part of the Phoenix East Valley, has experienced tremendous job growth over the last several years. Intel, for example, is a top employer in the city with over 11,000 jobs and is investing $7 billion into a Chandler production…»
Metro Phoenix Home Prices Set New Record, Still No Signs of a Crash
Buyers hoping for metro Phoenix home prices to fall this year as they are in some other U.S. cities have been disappointed.The Valley’s housing market is still hot with prices setting new records and sales soaring. Real estate experts don’t see signs of a crash looming.…»