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Commercial Real Estate & Business News September 10, 2019

Phoenix Apartment Pipeline Heats Up as Demand Outpaces Supply Even with nearly 14,000 apartment units under construction in metro Phoenix, builders still can’t keep up with demand.According to research conducted by Kasten Long Commercial Group exclusively for the Phoenix Business Journal, metro Phoenix has 13,631 units within 54 projects under construction. Of those, 23 totaling…»
Nonresidential Construction Employment Expands in August
The construction industry added 14,000 net new jobs in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 177,000 jobs, or 2.4%. Nonresidential construction employment increased by…»
Real Capital Analytics Reveals Top Markets for Self-Storage Acquisition, Construction Activity
Real Capital Analytics Inc. (RCA), a firm that provides data on the commercial real estate investment markets, has published lists identifying the top 10 U.S. markets for self-storage acquisition and construction activity. The lists are part of an “RCA Insights” report summary of the self-storage sector. The top market targeted for…»
NexCore to Build Banner Health’s Latest Facility in Glendale
Banner Health’s latest multi-specialty health center will be constructed by a Denver-based healthcare real estate developer. NexCore Group has been chosen to develop Banner’s new project which will be designed to bring efficiency for both patients and healthcare practitioners. The new Class A facility will be a three-story, 130,000 square-foot…»
Apple Hospitality Sees Opportunity in Under Construction Hotels
Apple Hospitality REIT disclosed in its recent second quarter 2019 earnings announcement that the real estate investment trust has agreed to buy seven hotel properties in various stages of development for a total purchase price of $216 million. The Richmond, Virginia-based company said it expects to close on one existing, independent…»