Commercial Real Estate & Business News September 13, 2018

Consumer tastes may be shifting to healthier fare with organic, sustainable and farm-to-table choices, but the flavor of the month for 1031 exchange investors remains firmly focused on quick service staples that include the likes of McDonald’s, KFC and Dunkin Donuts. The net lease quick service restaurant (QSR) investment sales market continues to do…»
Twenty years ago, it was unimaginable that a new residential high-rise would ever adorn the modest skyline of downtown Kansas City, Missouri. But in the last three years, two luxury apartment towers have opened, and a third is planned. The buildings are part of a revitalization effort in the city’s core, but some officials are questioning whether tax abatements and other incentives.…»
A developer is bringing an Aldi-based center to a north Peoria parcel after closing on the land this week. Thompson Thrift Retail Group, based in Indianapolis with a Phoenix office, bought a roughly 8-acre parcel near Lake Pleasant Parkway and Hatfield Road where the German grocer plans to open another store, according to…»
Metro Phoenix is on track for $3.1 billion in office investment transactions this year, keeping pace with investment levels of the past three years. So far this year, about $1.8 billion worth of office investment properties have changed hands, said Chris Marchildon, a vice president with CBRE Capital Markets. Marchildon tracks office sales that are worth $15 million or more.…»
Apartment rents are continue to rise across the country, but particularly on the West Coast. According to a new report from Rent Café, apartment rents are up 3.1% nationally, but growing West Coast cities are exceeding the national growth. San Diego apartment rents are up 5% and rents in Phoenix have increased 6.8%. Las Vegas is also seeing substantial rent growth, up 6.2%, according…»