Commercial Real Estate & Business News – October 21, 2021

Demand for single-family rental homes is showing no sign of easing up, and that is pushing rents through the roof, especially for the highest-priced properties.As a result, investors are now flooding into the market again, after falling back…»
A joint venture between the Los Angeles Dodgers and Chicago White Sox called Camelback Spring Training LLC is seeking proposals to develop 53 acres next to the Camelback Ranch – Glendale baseball facility. The developer request…»
The sentiment for the commercial real estate industry in the U.S. has risen to pre-pandemic levels, according to NAIOP. The Sentiment Index rose to 56 in the organization’s fall 2021 report, up from 54 earlier in spring.The organization’s…»
With three-quarters of the year complete, 2021 is mirroring seasonal norms, unlike 2020, but maintaining strong momentum. September home sales dropped 7.0% from August’s total, Median Sales Price slipped 1.1% to $329,000 – both far less than…»
Decades ago, the famous baseball player Yogi Berra, known for his paradoxical utterings, explained why he no longer went to a famous restaurant this way: “Nobody goes there anymore; it’s too crowded.” You could make the same…»