Commercial Real Estate & Business News – September 12, 2017

There are four simple rules about capital investment, especially in commercial real estate: It will flow to where it’s most wanted, where it’s respected, where it’s safe, and where it has the highest probability of market-rate adjusted returns. And that’s exactly what’s driving international capital into commercial real estate right now in the U.S…»

Arizona-based NexMetro Communities has plans for 254 new for-rent homes in the West Valley. NexMetro acquired a 12.3-acre parcel in west Phoenix at 107th Avenue and Camelback Road where it plans to build 127 for-lease homes under its Avilla brand. “West Phoenix has experienced a significant resurgence,but new housing options within the corridor have lagged…»

A new report from CBRE highlights that the two categories occupying the most space in U.S. malls-department stores at 48.7 percent of gross leasable area, and apparel, accessories, and shoes at 29.4 percent-also posted relatively tepid retail-sales growth from 2011 to 2016.…»

Student housing properties leased up more slowly this year, though they still started the academic year fully-occupied on average, according to several industry sources. “The student housing market moderated this year,” says Taylor Gunn, student housing analytics lead for data firm Axiometrics…»

The commercial portion of a master-planned development next to Chandler Fashion Center, Offices at Chandler Viridian, are a go now that a joint venture agreement has been signed. Hines has joined with New York Life Real Estate Investors as its equity partner to develop the property. The Offices at Chandler Viridian will be a 250,000-square-foot…»