Commercial Real Estate & Business News – June 9, 2021

Just two years ago, Starwood Property Trust told its shareholders about its first foreclosure on a loan that was net leased to a single grocery tenant that filed for bankruptcy. The 440,000-square-foot distribution center had a loan balance of $17 million, CFO Rina Paniry reminded shareholders on…»
Industrial real estate only became a hotter commodity during the Covid-19 pandemic, and developers and investors have continued to build and buy in Phoenix, hoping to capitalize on the area’s strategic location and available land. A slew of new industrial developments are planned…»
Amid the strengthening economy, expectations for the commercial real estate industry’s quick recovery are growing, according to Marcus & Millichap’s latest Special Report, Post-Pandemic Investment Trends 2Q 2021. Along with the boost from stimulus funds and other federal support programs,…»
Investment in U.S. net-lease properties was close to pre-pandemic levels in Q1 2021, driven by robust sentiment, 1031 exchange requirements, increased interest in office assets as return-to-the-workplace plans gained momentum and, despite COVID-19 related international travel restrictions,…»
US Capital Development is ready to start construction on Falcon Park 303, a 599,486-square-foot logistics project in Glendale, Ariz. The development team also includes general contractor Willmeng Construction, civil engineering firm Hilgart Wilson and architect Gray Design Group Inc. Site…»