Commercial Real Estate & Business News September 11, 2019

Foreign Capital Flowing to US Property Seen Increasing Into Next Year While foreign investment in U.S. commercial real estate fell significantly in the first half of the year, that flow of capital is expected to start picking up in the second half as investors’ concerns over a recession start to dissipate. “Inbound capital will rebound,” said Spencer Levy, chairman and senior economic adviser for CBRE Americas Research,…»
4 New Retailers Open at Arizona Mills
Three new retailers recently opened at Arizona Mills in Tempe, including a first-of-its-kind concept, while a fourth tenant is set to open early next month. The shopping center, which is owned by Indianapolis-based Simon Property Group (NYSE: SPG), welcomed two apparel stores as well as a discount retailer. The fourth new store, which…»
New Help for Affordable Housing Gives Me Hope
One of the great things about metro Phoenix has long been its affordability. Home prices and rents aren’t cheap, though the Valley is still relatively affordable compared with other big cities. I love when my younger friends and co-workers get excited about buying a home or renting the first apartment they can afford on their own. But home…»
Signs of Caution Creeped into the Investment Sales Market in the Second Quarter
Investment sales volume of U.S. commercial properties grew by 14 percent year-over-year in the second quarter of 2019, to approximately $130 billion, according to research firm CoStar Group. But industry sources say a slowdown may be coming. Global economic uncertainty and record high asset valuations are contributing to a…»
Atlanta Firm Prepping Four Multifamily Projects for Phoenix
Wood Partners – which just sold the Alta San Marcos apartment community it built in Chandler for $71.75 million – already has more than 500 units under construction and another four projects in the pipeline for metro Phoenix. The Atlanta-based multifamily investment firm is building the Alta Warehouse, a 300-unit apartment…»