Commercial Real Estate & Business News June 13, 2019

Lenders Are Fiercely Competitive on Financing Deals Lender appetite for multifamily deals has not waned. In fact, lenders remain fiercely competitive on multifamily product, and that includes construction financing opportunities, particularly for experienced developers and sponsors. Consumer demand is fueling the market activity along with new loan products, like green financing, for…»
This West Coast City is Sending the Most Apartment Renters to Phoenix
Renters looking to move to the Valley are most likely to be searching from Los Angeles, New York or Tucson, according to data released Wednesday by Apartment List. Chris Salviati, housing economist for San Francisco-based Apartment List Inc., said he’s not surprised to see nearly 19% of metro Phoenix apartment searches on the Apartment List site…»
Mall Landlords Can Benefit from Retail Space Sharing
Rising vacancies are giving rise to sharing retail space, a concept involving multiple digital brands sharing space with shorter term rental agreements.Traditional bricks-and-mortar retailers normally sign a lease of around five to 10 years, according to Jeff Berta, senior director of real estate development at Structured Development, a real estate…»
Top Technologies Where Apartment Owners Should Invest
While there is a lot of talk about the benefits of integrating technology into the commercial real estate industry, the biggest benefit is increased productivity and better building operations. For apartment owners-one of the most management intensive asset classes-technology can be a game changer. Investing in technology and IT can drive…»
Village at Pebble Creek Breaks Ground in Goodyear
Buoyed by a strong economy and a robust demand for rental housing in the Valley, Scottsdale-based The Empire Group of Companies last week broke ground on the Village at Pebble Creek. Village at Pebble Creek is a single-family rental concept located at the southwest corner of Pebble Creek Parkway and West Virginia Avenue. It allows…»