Commercial Real Estate & Business News March 18, 2019

Why U.S. Apartment Rentals Will Continue to be a Good Investment Choice
A major and unprecedented structural shift has occurred in the real estate market due to a variety of demographic and socioeconomic factors. Occupied U.S. rental apartment units rose by 20 percent above the prior 10-year period. Real estate investment managers’ allocations to institutional-quality multifamily product have risen on…»
What’s Next For Apartment Amenities?
Thanks to 21st-century technology, modern consumers are conditioned to expect an Uber ride, dinner delivery, or online order from Amazon in a nanosecond. Likewise, renters at the average Class A property expect their community to give them the same instant gratification and provide access to on-site concierge services on-demand,…»
Chicago Developer Makes Phoenix Debut with Proposed Downtown Apartments
A Chicago-based developer of trendy apartment communities is planning a $100 million project on a full city block in downtown Phoenix. The 2-acre site – bounded by Second and Third avenues and Van Buren and Monroe streets – is within walking distance of several music and entertainment venues, such as Comerica Theatre and…»
Rent Growth at a 10 Month High in the United States in February, Latest Index Shows
Residential rents in the United States increased by 2.4% in the 12 months to February 2019 to a median value of $1,472 per month, the latest real estate index shows. This translates to more than $400 in additional yearly expenses for the typical renter, according to the data from real estate firm Zillow. The index report points out…»
How Downtown Phoenix Will Keep Evolving
Downtown Phoenix looks much different than it did just a few years ago. It’s a trend that will continue in the coming years as the central city remains a focal point for economic development and population growth. From Roosevelt Row to Van Buren Street west of First Avenue, a number of projects are either nearing completion or…»