Commercial Real Estate & Business News May 8, 2019

Multifamily Borrowers Still Have Lots of Options for Constructions Financing Investors can still find the financing they need to develop apartment properties.”If you can get a site to build, there are people who would love to lend on it,” says Bill Leffler, vice president in the multi-housing group of real estate services firm CBRE. Interest rates remain low and many lenders are willing to make multifamily construction loans. However, these lenders have become more…»
Momentum Persists for Industrial, Office Sectors; Lags for Retail
The future still bodes well for the office and industrial sectors, according to the Royal Institution of Chartered Surveyors 2019 Q1 U.S. Commercial Property Monitor report. However, survey participants indicate that more downward movement is on tap for the retail sector. On the whole, according to the report, “results show sentiment in the real estate market remains generally solid in the first…»
Amazon Says Small Business Owners Earn $90,000 a Year from Selling in its Stores
While it’s often blamed for the fall of brick-and-mortar stores nationwide, Amazon also helps millions of small businesses thrive in the digital era. The tech giant published its second annual “Small Business Impact Report” on Tuesday, revealing that it has helped more than 1.9 million U.S.-based small and medium-sized businesses (SBMs) generate more than $160 billion in 2018. The company says that…»
OTL Installs Architectural Water Feature as Centerpiece of Papago Park Center
Outside the Lines (OTL), a design-build construction company that specializes in creating one-of-a-kind water features, rockwork and themed environments, has announced its role in the construction of an architectural fountain for the central plaza of The Grand at Papago Park Center, a new 3.2 million-square-foot, Class A mixed-use project on the last developable parcel within the…»
Phoenix Outskirts Capture Growing Warehouse Construction Demand
Each week seems to bring new industrial construction projects in Phoenix as developers and investors scramble to meet demand for distribution and logistics facilities in the area and across the Southwest. Seefried Industrial Properties and Crow Holdings Capital Real Estate just bought 40 acres in Avondale near Goodyear, Arizona, for construction of 101 Logistics Park, a two-building regional distribution…»