Commercial Real Estate & Business News – March 11, 2023

$85M Life-Style Rental Community Coming to Mesa

Talos Holdings started work on a “new” multifamily luxury rental community in East Mesa. The developer says the individualized living experience, The ONE at Mountain Vista (The ONE) will offer residents a unique alternative to…»

Brookfield-Backed Fundamental Income Prepares First Bond Offering

Fundamental Income Properties, an investment firm specializing in sale-leaseback deals and bankrolled by Canadian investment giant Brookfield Asset Management, is for the first time looking to sell securities in a fundraising effort tied to…»

Failed Silicon Valley Bank Had $2.6B In CRE Loans On Its Books

The fallout around Friday morning’s closure of Silicon Valley Bank — one of the largest bank failures in history — isn’t limited to the tech sector. The institution, a lender favored by startups that went under abruptly after a…»

Arizona Self-Storage Sector Lowers Rents — Except for Boomtown Peoria

The Arizona self storage sector continues to be generous compared to other states. According to a recent StorageCafe study, most cities in Arizona are deemed renter-friendly, with plenty of storage options and reasonable prices…»

That’s Two Months of Positive Multifamily Rent Growth

One question facing the multifamily sector amidst inflation and the Federal Reserve’s push on interest rate increases and quantitative tightening has been where would rents, and therefore NOI and valuations, go. According to new data…»