Commercial Real Estate News – March 12, 2020

The Nation Faces 7 Million Shortage of Affordable and Available Rental Homes
The nation’s severe shortage of affordable and available homes disproportionately affects people of color, reports the National Low Income Housing Coalition (NLIHC). African-American, Native American, Hispanic, and Asian households are more likely than white households…»
Phoenix Claims 5 of The 100 Largest Tech Office Leases in the U.S.
Phoenix had the fourth-largest share of square footage in the 100 largest U.S. office leases by tech firms in 2019, according to a new report from CBRE’s Tech Insights Center. The metro claimed five of the 100 largest tech office leases in the U.S., totaling 1.3 million square feet.”Tech companies are drawn…»
Mixed-use Office, Hotel Project Planned Near East Valley Hospital
A mixed-use development including office, retail and a hotel component is being proposed for 11 acres of vacant land across the street from Mercy Gilbert Medical Center at Val Vista Drive and Mercy Road. Reese Anderson, an attorney with Pew & Lake, filed the documents with the town of Gilbert…»
Valley Sees Nation’s Biggest Drop in Housing Inventory, Report Says
As the Valley’s housing market continues to heat up, inventory is dropping, prices are rising and homes are selling faster than they were a year ago. The Phoenix area experienced the nation’s sharpest drop in housing inventory during February compared…»
The Downside of Crowdfunding That Every Real Estate Investor Should Know
Private market real estate investors-be they experienced in real estate syndication or new to the asset class-have been exposed to many more investment opportunities since President Obama signed the JOBS Act into law in 2012. Among other things, the law eliminated…»