Daily News – February 19, 2020

Household Finances and the Outlook for Commercial Real Estate
The Federal Reserve Bank of New York reported last week that household debt increased $193 billion in the fourth quarter to a record-high $14.15 trillion, prompting some concerns about possible risks to the economic outlook from rising…»
Apartment Vacancy Reaches Lowest Q4 Level
Renters across the U.S. are snapping up apartments faster than builders can bring them to the market, with nationwide multifamily vacancy tightening to a historic low by the end of 2019, according to a new report by CBRE. The overall multifamily vacancy…»
4th Quarter Office Space Net Absorption Topped 1 Million Square Feet
The Greater Phoenix office market experienced its best year since 2008, posting very strong net absorption and adding more than 3.4 million square feet of new space to the inventory. The metropolitan area has been recognized…»
Ferrero Plans Will Open Distribution Center in Goodyear
Ferrero USA, Inc., part of the global confectionery company Ferrero Group, today announced the opening of a new distribution center in Goodyear, Arizona, a suburb of Phoenix. The newly constructed facility located at 3600 Cotton Lane is 643,798 square fee…»
Student Housing: What to Keep an Eye On in 2020
In a 2018 interview with Multi-Housing News, Peak Campus President Jeff Githens talked about the shift in importance from the overall amenity race to customer service, a trend he says will continue in 2020 as well. At the time, Githens was optimistic.…»