Commercial Real Estate & Business News September 13, 2019

Blackstone Creates Largest Real Estate Fund in History, Raising More Than $20 Billion Private equity firm Blackstone Group pulled in $20.5 billion of total capital commitments, $5 billion more than its original target, to make its latest global real estate investment fund the largest of its kind ever created as investors wondering how long the record U.S. economic recovery will last look to larger, more established firms. The record for…»
Could a Recession Impact Boutique Fitness Studios More than Big-Box Gyms?
U.S. health clubs are a whopping $30-billion-a-year industry.More than 71.5 million consumers used health clubs in 2018, which hit an all-time high, according to the International Health, Racquet & Sportsclub Association (IHRSA). The number of individual members totaled 62.5 million, up 2.6 percent over 2017. The boutique fitness sector, in…»
Metro Phoenix Apartment Industry Contributes $53.8B to Economy
A new Hoyt Advisory Services Study commissioned by the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) reveals that the apartment industry and its residents annually contribute $53.8 billion to Phoenix’s economy, $73.2 billion to Arizona’s and more than $3.4 trillion – or $9.3 billion daily – to the…»
What Is The City Of The Future?
Since ancient times, humans have lived in communities, and humanity has thrived by grouping. What New York is today for the world – arguably its capital – Rome was for the Roman Empire and Constantinople was for the Ottoman Empire. Cities have been hubs for creativity, economic activity and the evolution of humanity. They symbolize…»
Phoenix Identified as Top 5 Multifamily Rental Market
The national average for cost of rent rose $3 in July from the prior month to $1,469 according to Yardi Matrix. That’s a gain of 3.4% from a year earlier, the real estate data firm said. Yardi Matrix ranked the top five markets for multifamily rent growth, based on the percent change in rent growth. These metros have two things in…»