Commercial Real Estate & Business News June 21, 2019

The Future of Housing Rises in Phoenix Armed with loads of cash and the latest in machine learning, investors are reshaping the $26 trillion market for U.S. residential real estate, starting in Phoenix, the petri dish for America’s housing experiments. At the edge of the city’s stucco sprawl, a beige, three-bedroom house with a gravel yard sold last month for $240,000. The seller,…»
Office Investment Regains Consistency after Challenging End to 2018
The office investment market is back on track and buoyed by significant sources of capital for deal-making, following some political and economic uncertainty over the past year, according to a mid-year Office Investor Sentiment Report by Real Capital Markets (RCM). Investors are starting to look more closely at the investment value of…»
Slow Job Growth Will Hamper Apartment Demand Next Year
The multifamily market might be headed for a slowdown next year. According to a new economic letter from UCLA Anderson Forecast and UCLA Ziman Center for Real Estate, slowing job growth could hamper apartment demand and stall rental rates in 2020-and investors should start shifting investment strategies to react to the…»
Can James Daunt Save Barnes & Noble from Oblivion?
After months of uncertainty regarding what will happen to the flailing Barnes & Noble bookstore chain, a sale is imminent. U.K.-based hedge fund Elliott Advisors announced earlier this month that it will acquire the company in an all-cash transaction valued at $683 million, including debt. That breaks down to $6.50 per share. The once-powerhouse…»
Goodyear Gets the OK to Build 15-mile Sonoran Valley Parkway. Here’s What the City is Waiting On
Goodyear just cleared a hurdle to build the Sonoran Valley Parkway, a more direct route to a community that currently is home to fewer than 100 residents. The feds approved allowing the proposed 15-mile parkway to travel across federal lands. But city officials have no firm timeline for the road first proposed 11 years ago to connect…»