Cap Rate Compression Gains Momentum as Fed Eases Rates
Momentum around commercial real estate cap rates is building as the Federal Reserve’s rate-cutting cycle begins to influence debt costs and investor sentiment across asset classes. At a recent CBRE webinar, capital markets specialists and sector leaders offered a common view: declining rates are already leading to more investment in risk assets, setting the groundwork for renewed pricing…»
Affordable housing firm expands in Arizona, uses government programs to keep rents low
Ulysses Development Group is hitting milestones on two affordable housing complexes in Phoenix next week. Dahlia Village at 3620 S. 12th St. opens Sept. 22, while Wild Rose Flats at 2949 N. 43rd Ave. begins construction Sept. 23. The combined developments will total 198 workforce housing units. It’s not easy to build low-cost residences — or anything, for that matter — said Ahmed…»
Phoenix-based lab gear supplier to build 45,000-square-foot facility near Sky Harbor
A company that supplies gloves, boot covers and other similar products to life sciences and advanced manufacturing firms is planning to build its new headquarters near Sky Harbor International Airport. The 45,000 square-foot planned facility from Phoenix-based Valutek would include 5,000 square feet of office space, 5,000 square feet of clean room manufacturing space and a 35,000 square-foot…»
What is that $145M project going up near Desert Ridge in north Phoenix?
Location: 5250 E. Deer Valley Drive, along the northern block, just east of Marriott Drive in Phoenix. Description: A new high-end condominium community called The Luxe at Desert Ridge is in the final stages of development. When complete, the complex will have 223 units across six four-story buildings near the Desert Ridge shopping center and JW Marriott…»
Arizona Republic to leave longtime downtown Phoenix home for smaller midtown office space
The Arizona Republic is moving into a new office space and out of a downtown Phoenix building it has occupied for roughly 30 years. The newspaper and its digital arm, AZ Central, are moving into the newly redeveloped Park Central midtown complex and will occupy a 17,000-square-foot space. The Republic is currently leasing approximately 100,000 square feet…»