Commercial Real Estate & Business News – June 25, 2021

Tight vacancies and high demand are sparking bidding wars for industrial space across the U.S., driving both asking and taking industrial rent growth to new highs, according to a new report from CBRE. Asking rents increased a record…»
Menomonee Falls, Wisconsin-based Continental Properties has broken ground on its fourth apartment community in metro Phoenix. Called Springs at Eastmark, the 276-unit apartment community is expected to cost $59.5 million to build, adding to...»
Legacy Sports USA announced today a new partnership with the Arizona Cactus Football League, agreeing to host all of its football games for the 2022 season at Legacy Sports Park, a 320-acre, multi-use family sports and entertainment complex that...»
Earlier this year, national real estate investor and operator Waterton closed fundraising activity for a multifamily value-add fund with $1.5 billion in equity commitments from global institutional investors. Waterton launched the fund, known as…»
July 4 may be independence day, but landlords were counting on June 30 to end the Covid-related housing eviction moratorium. Now they have another month to wait. The Centers for Disease Control announced an extension through July of…»