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COMMERCIAL REAL ESTATE & BUSINESS NEWS – March 2, 2020

Caesars Republic Hotel Breaks Ground in Scottsdale
The City of Scottsdale’s newest luxury hotel broke ground Wednesday at the corner of Highland Avenue and Goldwater outside of Fashion Square mall. Caesars Republic Scottsdale, opening fall 2021, will be the first non-gaming branded Caesars hotel…»

Cap Rates Tighten for Phoenix Multifamily, Industrial, Retail and Hotel Assets
Strong demand from both domestic and foreign investors, combined with moderate economic growth, is expected to keep capitalization rates for U.S. commercial real estate assets broadly stable in 2020, according to the latest research from global property…»

Can HNW Investors Still Bank on Net Leased Bank Branches?
Bank branches are going the way of checks-they’re vanishing, albeit slowly.In fiscal 2019, the number of bank branches in the U.S. dwindled by 1.9 percent, according to a February 2020 report from commercial real estate services provider JLL. And in the past decade…»
Will Cross-Border CRE Investment Rebound?
International real estate investors that moved to the sidelines early in 2019 due to high hedging costs returned later in the year with plenty of dry powder and a healthy appetite for U.S. assets. That shift was shaping up to provide a boost to cross-border capital flows…»
LIVING A HYBRID LIFE
Phoenix is ground zero for a rapidly growing hybrid rental housing product that’s catching the attention of national homebuilders. Big publicly traded home builders such as Horsham, Pennsylvania-based Toll Brothers Inc. and Scottsdale-based Taylor Morrison Home Corp…»