Commercial Real Estate & Business News September 6, 2019

For Many Retailers, Single Women Will Become the Make or Break Demographic, Morgan Stanley Study Finds Single women might just single-handedly boost the success of retailers like Lululemon, Nike, TJ Maxx and Ulta Beauty, according to a new study by investment bank and financial services company Morgan Stanley. The study is called the “Rise of the SHEconomy. “Morgan Stanley forecasts that by 2030, 45 percent, or 20.9 million, of…»
Last-Mile Logistics Demand ‘Skyrocketing’ In Phoenix
Last-mile logistics demand is booming in Phoenix. According to construction company Greycor, requests for last-mile logistics facilities are among the top requests from developers. It isn’t surprising. Phoenix is leading in the nation in population growth and it is only an additional four-hour drive from Southern California’s Inland Empire, one of…»
New Low for Quick-Service Restaurant Cap Rates
The net lease quick service restaurant market experienced something new midway through the year, according to The Boulder Group’s QSR Net Lease Report for this year’s second quarter. Cap rates in the retail subsector continued their decline and dropped to their lowest point ever. While the overall retail net lease market recorded an…»
Self-Storage REITs Smell Acquisition Opportunity in Newly-Built Facilities
Self-storage REITs are ready to swoop in on an enticing source of acquisitions. As the self-storage industry continues to contend with a glut of supply in many major markets, some developers are nervous. Why? Because they’re wrestling with slower than anticipated lease-ups at new self-storage facilities. “The pro formas for…»
Los Angeles-Based Investor Snags Another Value-Add Apartment in Phoenix
Los Angeles-based Tides Equities acquired its seventh apartment complex in Phoenix this year alone. The real estate investment firm has aggressively expanded its portfolio, scouring the local market for well-located, but older properties that have potential for rent growth after the infusion of capital improvements into the…»