Commercial Real Estate & Business News May 21, 2019

Welcome to ICSC’s RECon 2019 Welcome to ICSC’s RECon 2019 event here in Las Vegas! If you are one of the 40,000 or so individuals here, you might have attended last night’s opening reception (as we did) at Encore XS Nightclub (or one of many other parties happening around the strip). No matter how you spent you first night at RECon, it is clear that deals and networking don’t just…»
Phoenix Sees Explosive Growth Along Central Avenue
It has long been an afterthought on where the latest, greatest development is happening in the Valley, but the Downtown Phoenix area is quickly becoming the place to do business or just be. Downtown Phoenix has a distinct air of excitement among real estate developers, with several projects ready to come online in 2019 and plenty more coming in the next…»
Student Housing Fundamentals Strengthen Ahead of the Fall 2019 Semester
The beds are quickly filling up at student housing properties for the school year that will begin this fall. “As it stands now, next year’s occupancy could sit a little higher than last year’s (if pre-leasing doesn’t slow down, that is),” says Carl Whitaker, an analyst for RealPage Inc., a provider of property management software and services. Despite several years of…»
How Arizona’s Strengthening Relationship with Mexico is Driving the State’s Economy
When Jessica Pacheco started working for APS in 1997, she immediately learned how important Arizona’s neighbor to the south was to the state – and what potential economic opportunities existed between Arizona and Mexico.”My first trip on behalf of the company to a community outside of Maricopa County was to Douglas,” recalls Pacheco, vice president of…»
Multifamily, Industrial Are CRE Bright Spots, Economist Says
Commercial real estate prices should even out by 2020, according to the chief economist of the National Association of Realtors. Dr. Lawrence Yun was one of the speakers at the commercial economic issues and trends forum at the Realtors Legislative Meetings & Trade Expo. “We may see commercial real estate prices rise for the next year, but I expect them to…»