Commercial Real Estate & Business News – September 14, 2017

Even after a flood of new construction, it is still possible to get a construction loan to build new apartment projects. “Everything is financeable at some level and cost,” says Mark Fisher, senior vice president for CBRE Capital Markets. Developers will open more new rental apartments in 2017 than during any year since 2007…»

Arizona State University Michael Crow may be paramount to the region’s bid for a second headquarters for Inc. (Nasdaq: AMZN). Amazon is looking a second $5 billion, 50,000-employee headquarters to go along with its Seattle birthplace. Scores of regions – including Boston, Austin, Washington, Chicago, Denver and Toronto – are looking to land Amazon’s new headquarters.…»

Arizona State University has reached a new milestone this fall, enrolling more than 100,000 students. Preliminary enrollment figures show ASU has 103,410 students, a 5-percent increase over last year and 40 percent more than five years ago. But consider this before panic sets in about how many more cars are competing for parking spots: About 30,000 of those students are enrolled in online-only…»

Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors quarterly commercial real estate forecast. …»

The Phoenix apartment market has notched a strong two years, as occupancy has remained essentially full and rent growth levels have trended well above national norms. A key factor shaping this performance is that deliveries to date in this cycle haven’t been over the top. But this is a spot where the building pace can escalate rapidly, and there has been a run-up of activity lately.…»