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Commercial Real Estate & Business News – November 1, 2023

What Is the Multifamily Sector’s Short-Term Exposure to Credit?

While much of the commercial real estate industry has been focusing on concerns surrounding maturing office building loans, multifamily debt has increasingly become a significant concern for lenders and borrowers as the 25-basis-point interest rate hike in July increased the federal funds target rate to…»
Three Key Office Trends of 2023

In a few years, people could look back at 2023 as the first year of the true, new normal for the commercial office market. With most vestiges of the pandemic in the rear-view mirror, a normalization of the labor market and consistent leasing behavior signify what could be in store for the property type in…»
One Camelback saga: Stakeholders jockey for position as development careens toward auction saleA legal dispute is ramping up as one of Phoenix’s most prominent office-to-apartment conversions barrels toward an auction sale. The future of One Camelback — an unfinished luxury development near the intersections of Central Ave. and Camelback Rd. — hangs in the…»
1.2 Million-Square-Foot Southern Industrial Center Completed

JLL announced today that Parklane Development Group and Miramar Industrial Partners have completed Southern Industrial Center, an award-winning, 1.2 million-square-foot, speculative Class A industrial project located at the southeast corner of Southern Avenue and Apache Road in…»
U.S. Housing Prices Continue on Upward Trend

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 2.6% annual change in August, up from a 1.0% change in the previous month, S&P Dow Jones Indices said Tuesday. The 10-City Composite showed an increase of 3.0%, up from…»