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Commercial Real Estate & Business News – November 8, 2021

Apartment market conditions continue to show improvement, according to the National Multifamily Housing Council’s quarterly survey of apartment market conditions for October“We are continuing to see strong, broad-based demand for apartments as the U.S. economy remains on an upward trajectory,” said Caitlin Sugrue Walter, vice president of research at the…»
CHICAGO — Lifestyle shopping centers, or open-air malls, may be one of the most undervalued retail asset classes currently. According to JLL, increased customer foot traffic, declining vacancies coupled with growing rental rates and…»
New development is coming to an area of southwest Phoenix once known for its farms and abundant open space. A former dairy and farm land at 59th Avenue and Dobbins Road in Laveen will become a large apartment complex. The developer’s original request to rezone nearly 15 acres was unanimously rejected by residents who make up…»
Valley drivers love their cars, and more than anywhere else in the country, they put their money where their hearts are. In fact, it costs more to get around in Phoenix – a city that was designed for cars – than in…»
A new report shows the economic, social, cultural and environmental benefits of Phoenix’s historic neighborhoods.After crunching data, Place Economics, a national consultancy, found Phoenix’s historic neighborhoods offer more…»