Commercial Real Estate & Business News March 19, 2019

Where Are Cap Rates Going in the Four Core Property Sectors?
With late 2018 jitters gone and investor optimism returning, the commercial real estate market should experience mostly steady cap rates through the first half of 2019, although there are particular market segments and geographies that could experience some bumps. “On the interest rate side, I think everybody has dismissed, at least for…»
Minnesota Developer Ramping up Valley Commercial Real Estate Projects
Five years after re-opening its Phoenix office, Opus Group is ramping up its projects in the Valley, with more than 2 million square feet developed and 2 million more under construction or set to break ground this year. Minneapolis-based Opus Development Co. was the developer behind the Blue Buffalo distribution center and…»
Single-Family Home Sales Decline in Phoenix
Phoenix has been the newest fire market in the West. Investors have been flocking there, following surges in population and job growth and a diversifying economy-and it has been expected to have a long runway, thanks to a late-cycle recovery. However, single-family home sales declined in the fourth quarter 2018, causing some…»
Investors Eagerly Await Trump Rules on Opportunity Zones
A hotel groundbreaking ceremony here in an old cotton field not far from Interstate 10 last month featured two U.S. senators, a hot catered lunch and a stream of speeches about driving economic investment to this corner of the Southwest that is still recovering from the Great Recession. Whether they were celebrating the beginnings of…»
Goodyear Uses Strong Planning, Leadership to Lure Industrial Development
It is a city that was originally founded by a titan of American industry, so it makes perfect sense that industrial building would be triggering a development boom in the City of Goodyear. The city was created when the Goodyear Tire and Rubber Company bought the land in 1917 to grow cotton for its tires. Now, more than…»