Commercial Real Estate & Business News September 12, 2019

Lenders Won’t Cover Rising Construction Costs on Multifamily Projects Low interest rates are not enough to make up for the rising cost of construction on new apartment building projects. “The drop in interest rates will not make a bad project look good,” says Matthew Swerdlow, director of capital services for Ariel Property Advisors, a real estate and advisory services firm based in New York City. “If it didn’t work with…»
New Industrial Complex Announced for Mesa Gateway Area
Today, Marwest Enterprises announced Landing 202, a 605,000-square-foot Class A industrial product on approximately 45 acres just south of Loop 202 and west of Hawes Road on the north side of Ray Road in Mesa’s Gateway Area. “Congratulations to Marwest Enterprises on the announcement of Landing 202. These brand-new buildings are in…»
Big Gains in US Net-Lease Investment Market Spotlight Office, Retail
The office and retail sectors drove big gains for overall US net-lease investment volume in Q2 2019, setting records and capturing the spotlight from the darling industrial asset class, according to a CBRE report tracking net-lease investment volume for Q2 2019. Large transactions demonstrated investors can shift consensus about…»
Scottsdale Planning Commission to Discuss Museum Square Project
The Scottsdale Planning Commission will discuss Museum Square, a proposed mixed-use development planned for an abandoned transit station and parking lot in Old Town Scottsdale at its meeting this afternoon. The project, which developers said last year will likely cost about $250 million to develop, was submitted to the city in…»
Arizona Zip Codes With the Highest and Lowest Household Income
A new study shows Paradise Valley has the highest household income in Arizona. When determining where you want to live there are few factors more important than the average household income of the area. Higher incomes bring more money for school districts, local government services, and more consumer spending for…»