Commercial Real Estate & Business News September 3, 2019

Arizona Universities Take Different Approaches to Commercial Development University campuses have sparked private development around the Valley as developers look to capture space on the periphery of where companies and workers want to be. But with the state’s private and public universities all in growth mode, some higher education officials see the benefit of bringing commercial development onto…»
Where is Experiential Retail Headed?
A recent study explored the future of experiential retail─such as axe-throwing bars, food halls and escape rooms─all of which are booming in Dallas. The authors of the Cushman & Wakefield report suggest that the increased drive for experience-based retail across the nation and in Dallas reflects a deeper economic trend─one with…»
Utah’s Bridge Keeps Buying Apartments
Bridge Investment Group, the Utah real estate investment firm that’s been busy of late, just scooped up a Phoenix apartment complex with some fixer-upper-style upside. Bridge, of Sandy, Utah, paid $85.4 million, or $162,000 a unit, for the Pointe at the Foothills apartments in Phoenix, according to the company, which didn’t comment…»
International Investors Take a Small Step Back from US Commercial Real Estate, as Yield is Less Attractive
International investors became net sellers of commercial real estate this year for the first time since 2012. There was no one country accounting for the change, instead a small pullback in purchases that changed the investment equation. Investors made direct acquisitions totaling $21.3 billion in the first half of 2019 but sold a little bit…»
Report: Phoenix Stands Out as Hot Spot for Growth Opportunities
Fourteen U.S. markets – including Phoenix – stand out in a new report from CBRE as strategic options for investors in industrial and logistics real estate who are seeking growth opportunities outside of primary markets. These markets, which CBRE describes as strategic markets, have registered demand for industrial and logistics…»