Commercial Real Estate & Business News – November 16, 2020

Here’s What Consumers Think About the Health of Arizona’s Economy
The Greater Phoenix Chamber recently released the Arizona Business Index™ (ABI™), powered by OH Predictive Insights (OHPI). The study measures and interprets the health of the Arizona economy from the perspective of the Arizona consumer…»
We’re On Track to be a Renter Nation Again
When the Great Recession sent scores of Americans out of their homes and Millennials began to move out on their own, renting took off in the early 2010s. By the mid-2010s, 111 million people were renting in the US, according to Then, for the first…»
TPG Real Estate Claims Tempe MF from Preferred for $58M
An entity affiliated with San Francisco-based TPG Real Estate acquired Regents on University in Tempe from Atlanta-based Preferred Apartment Communities for nearly $57.5 million. The 225-unit apartment/student housing asset is located at 1949 E. University Dr…»
The industrial logistics space in the Loop 303 corridor in Glendale and Goodyear is expected to grow by more than 200%, from 15 million square feet to 50 million square feet in the next five to six years. “The Loop 303 corridor is the place that offers…»
S2 Capital Pay $55 Million for Apartments in Phoenix’s Glendale Suburb
Apartment investment firm S2 Capital paid $55 million, well below the average price in Phoenix’s torrid apartment market, for a 408-unit apartment complex in the suburb of Glendale, Arizona.S2 Capital, based in Addison, Texas, bought the Eagle Crest…»