Commercial Real Estate & Business News June 12, 2019

Co-Living and Student Housing Collide, as People Struggle to Afford Rent in Expensive Urban Markets Co-living, one of the hottest trends in apartment investment, has a lot in common with student housing. “Co-living is actually student housing for grown-ups,” says J.J. Smith, president of Chicago-based CA Student Living, one of the largest developers of student housing in the country. The company operates several properties in which the…»
Great Wolf Lodge Arizona Announces Earlier Opening Date and All-new Slide
Great Wolf Lodge Arizona provided an exclusive sneak-peek of the resort today, and released details for an all-new slide making its world debut at the family-friendly resort when it opens in just a few months. Adding to the excitement, Great Wolf Resorts Chief Executive Officer Murray Hennessy announced today the 350-room resort is going to open…»
Valley Senior Living Campus Embarks on $100M Expansion
Sagewood is adding 101 independent living apartment units to its luxury senior living campus in northeast Phoenix – to the tune of $100 million. Owned jointly by Des Moines, Iowa-based Life Care Services Corp. and Lake Forest, Illinois-based Westminster Capital Inc., Sagewood is a life plan community in which residents sign life-care contracts and…»
Survey: Commercial Real Estate Execs Still Bullish on Economy
Trade wars? A possible recession? Gloom and doom? Not according to a new survey of commercial real estate executives, which finds a continued level of strong optimism about the state of the market and the overall U.S. economy. The tenth annual Akerman U.S. Real Estate Sector Report survey conducted by the law firm Akerman LLP polled more than…»
Evergreen Devco Breaks Ground on First Major Shopping Center in Eastmark
Evergreen Devco, Inc. , a leading national retail and multifamily development company, announced today it has begun construction for its development of the first major shopping center in Eastmark, the top-selling master-planned community in Arizona. The neighborhood shopping center, named The Point @ Eastmark [“The Point”], will be anchored…»