Commercial Real Estate & Business News June 20, 2018

It’s getting a little easier to find a construction loan to build a new apartment property, compared to the end of 2017. “Banks are getting more aggressive,” says David Webb, vice chairman of debt and structured finance with CBRE Capital Markets, based in Washington, D.C. “It is getting easier to get deals done.”…»
A decrease in low-end rental growth rates for single-family homes could foreshadow stabilization in rent prices, according to March data released by CoreLogic Inc. Low-end rentals saw 3.9 percent growth in March, down from 4.4 percent in March 2017, which could be an early signal of stabilization, the data provider said…»
SCOTTSDALE, ARIZ. – Starbucks, Texas Roadhouse and an additional, iconic restaurant brand have all signed leases this month to open restaurants at The Block at Pima Center, paving the way for vertical construction to begin.  Further lease announcements are expected soon as additional tenants are poised to sign contracts on the remaining shop spaces and the two remaining pads…»
If you’ve driven by the old Park Central Mall property in central Phoenix lately, you’ve probably noticed that the construction process is in full swing. In fact, Plaza Companies and Holualoa Companies have reached the halfway point in the transformation of the property from an outdated retail and office center to a dynamic new mixed-use development…»
Phoenix is readying a redevelopment request for a downtown parcel to incorporate the Central Station transit depot – again. In 2013, the city chose a developer to create a high-rise apartment complex on the 2.6-acre site, bounded by First Avenue to the west, Central Avenue to the east, Polk Street to the north and Van Buren Street to the south…»