Commercial Real Estate Business News – March 11, 2020

U.S. CRE Still a Top Pick for Foreign Investors, AFIRE Survey Indicates
Foreign investors continue to view U.S. commercial real estate as a solid investment, with multifamily and industrial properties remaining their favored picks, according to the results of the 28th annual survey conducted by the Association of Foreign Investors in Real Estate…»
Get Ready for a Busy Spring: Spring Markets and Beyond
Mortgage rates are starting off in the new decade at very good levels. According to mortgage finance provider Freddie Mac, the 30-year fixed-rate mortgage dipped to 3.7% in the first two weeks of January, compared to 4.5% a year prior. Thus, mortgage rates started off the new year nearly 80 basis…»
Trader Joe’s Opening New Store in Tempe
It looks like another grocery store is opening near the Arizona State University campus in Tempe. Trader Joe’s published a small press release on its website saying it is opening in Tempe. The company’s website showed it will open at 940 E. University Ave…»
Phoenix Leads the Nation in Home Price Appreciation and Rent Growth
The Phoenix market retained its spot as the national leader for multifamily rent growth for a second consecutive year, and the city holds the title for home price appreciation as well. Multifamily rents climbed 6.8% annually in 2019, more than double the national index. Phoenix led…»
Arizona Tech Jobs Grow at More than Twice the Overall U.S. Rate
To keep its constituents informed on the progress of Arizona’s technology community, the Arizona Technology Council today released its latest Quarterly Arizona Technology Industry Impact Report. Among other positive news, the data from Q4 2019 revealed that Arizona’s…»