Commercial Real Estate & Business News – September 7, 2022

Single-Family Prices Are Cooling And That’s Good For Multifamily

Single-family home prices are finally softening across the US, but the cost of homeownership remains staggeringly out of reach for many consumers, particularly millennials. And while “significant price collapses” are not likely due to ongoing…»

The State of Housing Supply: ‘Not Enough Homes to Go Around’


Economic uncertainty, inflation, and rising mortgage rates are clouding the picture for the U.S. housing market, which is also facing a structural deficit of both for-sale and rental homes. During the “Getting Serious About Housing Supply: The State of…»

Tricon, Arizona Pension Plan Invest $500M in SFR Strategy

Tricon Residential Inc. is teaming up with Arizona State Retirement System for a second time, adding $500 million in equity to its previous $450 million investment in the single-family rental home market that will create an estimated 2,500 homes in the U.S. Sun Belt…»

Valley City Looks to Rezone More Than 200 Acres For More Industrial Development

The city of Buckeye is considering annexing and rezoning nearly 230 acres between six parcels along State Route 85, a freeway that the city hopes will become one of the next industrial hot spots in the Valley. The property is located at…»

Will Xander Closes $41M in Multifamily Deals Before His 21st Birthday

Some people wait tables or wash cars during their college years, but not Will Xander. As a multifamily broker at ORION Investment Real Estate, he sold the 87-unit Glendale Gardens Apartments for nearly $18.3 million in July while some of his classmates were