Commercial Real Estate & Business News – May 25, 2021

In southeast Mesa, Eastmark and Cadence developers have successfully turned cactus fields into thousands of high-end homes. But many who moved into the new neighborhoods complain they are stuck in a “restaurant desert.” Ask Peter Martens, an…»
The Valley’s growing population and demand for housing has become a boon for the self-storage real estate market. The Phoenix metro added 8.7 million square feet of self-storage buildings from 2011 to 2020, according to a study done by RentCafe, ranking…»
On behalf of 1784 Capital Holding, Talonvest Capital closed on $22 million in bridge financing for the local owner’s 1,090-unit self storage facility, which opened in late October 2020. Talonvest obtained a non-recourse three-year loan with extension options,…»
Seemingly endless demand and low supply have driven record-breaking home value appreciation over the past year, Zillow’s latest Market Report shows. April pushed the envelope even further: Annual home values for a typical U.S. home have grown 11.6%.…»
CRE performance metrics will likely continue to improve this year, though analysts caution the recovery will remain bifurcated. Research from Moody’s Analytics shows that while industrial will remain steady and multifamily family rents and vacancies will turn…»