Commercial Real Estate & Business News – November 19, 2015

Why Forbes Projects Arizona to Lead U.S. in Job Growth

Forbes Magazine has named Arizona the best state for future job growth, but one local economic expert said the distinction does come with some caveats. The magazine in October used forecasts from Moody?s Analytics to call Arizona one of the ?brighter spots in a slumbering U.S. economy thanks in part to renewed migration.? The Moody?s report projected a job growth rate of 3.1 percent through 2019… Read more »

Dignity Health, Kindred Break Ground on $25M Rehab Hospital in Chandler

Dignity Health and Kindred Healthcare Inc. broke ground today on a $25 million rehabilitation hospital in Chandler. The 58,000-square-foot hospital ? to be called Dignity Health East Valley Rehabilitation Hospital ? is scheduled to open in 2016 at 1515 W. Chandler Blvd… Read more »

New Projects Add Fuel to Investment Market

Property fundamentals continue to improve across Greater Phoenix, supporting increased appetite for investment across the four key sectors. Investment activity in Greater Phoenix was generally fairly flat from the second quarter to the third quarter, as fundamentals for most property segments are generally improving… Read more »

Student Housing Continues to Be a Strong Player in Multifamily

Old-school, standard dorm-style living no longer makes the cut for today?s university students. Millennials, by nature, are social and tech-savvy creatures, but when you add a strong focus on academics and a looming competitive job market into the mix, student housing becomes a unique and targeted sector of the multifamily industry, and one that’s quickly gaining momentum. Emerging only two decades ago as a market that was lacking attention, today?s student housing has transformed into a core real estate asset that answers the very specific needs of a niche rentership through well-designed projects… Read more »

Will Property Prices Bull or Bear in 2016?

Optimism regarding commercial property values has been entirely warranted over the past six years. Amid a backdrop of solid fundamentals, minimal supply concerns, very low interest rates and a flood of capital into U.S. property markets, values have doubled since the recovery commenced in 2009… Read more »