Commercial Real Estate & Business News – November 13, 2020

Boosted by the pandemic, positive industrial real estate fundamentals are driving asset values to record highs, particularly “last mile” properties in core urban markets. And investors of all types are competing hard to pounce on the limited number of available deals. “A range of institutional investors…»
Apartment Construction Suffers in a Single-Family Housing Boom, Report Says
Multifamily construction is paying the price for a boom in single-family housing, according to a new report. As low interest rates fuel demand for single-family homes, construction starts are at the highest since 2007, Dodge Data & Analytics said. Combined with a growing preference for more space, particularly in the…»
Secondary Multifamily Sector Markets Soar While Major Metros Falter
Secondary and tertiary markets are outperforming in the multifamily sector, as high costs and limited amenities drive renters away from gateway markets. While the national average rents were flat in the latest Yardi® Matrix National Multifamily Report, it’s important to look at individual cities for the full picture…»
Capital Hall Partners Completes The Hub Opportunity Zone Redevelopment Project
The HUB, a Capital Hall Partners redevelopment project, was completed October 2020 and is ready for tenants. After 15 months of planning, design, engineering, and construction, the once functionally obsolete 1960’s industrial warehouse building has been completely reconstructed into a modern…»
ViaWest Group Delivers Spec Industrial in Chandler Airport Submarket
Phoenix-based ViaWest Group completed construction on two spec industrial buildings totaling 140,372 square feet in the Chandler Airport submarket. This completes Phase II of the AZ 202 Commerce Park; Phase I, a build-to-suit for PODS Moving and Storage, delivered in April of 2018. The two general industrial…»