Commercial Real Estate & Business News – October 7, 2022
US Apartment Sales Outpace Last Year Despite Higher Interest Rates U.S. apartment sales during the past nine months have outpaced last year but some analysts say it could fall short in the fourth quarter of reaching 2021’s record level. Apartment sales volume totaled $174.4 billion through the end of September, led by a record second […]
Commercial Real Estate & Business News – October 6, 2022
Markets Grow Volatile As Fed Pushes Forward on Hikes It might be fair to say that financial markets ended the third quarter with a high degree of pessimism about the future. The S&P 500 lost 9.3% during the month of September, accelerating losses seen in August, and the index at the end of the quarter […]
Commercial Real Estate & Business News – October 5, 2022
Why Is Apartment Demand Breaking Records in Phoenix? Take a Look at This Sale. A $238 million sale of a pair of apartment complexes in Phoenix’s Gilbert suburb shows why the area is on a record-breaking multifamily sales run over the past year. Ezralow Co., based in Calabasas, California, bought the Azul at Spectrum and […]
Commercial Real Estate & Business News – October 4, 2022
Glendale OKs 2 15-Story Apartment Towers Near Entertainment District Two 15-story apartment towers could become Glendale’s tallest building outside of State Farm Stadium. The apartments are planned near 95th and Missouri avenues, just south of the NFL stadium and VAI Resort, which is going up along Loop 101. The towers are part of a…» Two […]
Commercial Real Estate & Business News – October 3, 2022
Forget About Construction Costs: Supply Availability is a Problem Anyone paying attention to headlines this past year understands that inflation continues exerting a toll on commercial real estate construction efforts. For example, CBRE’s Construction Cost Index forecast a 14.1% year-over-year increase in costs “as labor and material costs continue to rise…» New Joint Venture Chooses […]
Commercial Real Estate & Business News – September 30, 2022
Massive Industrial Projects Move Forward in West Valley City Employment Corridors Several massive industrial projects along key transportation corridors have moved forward in two West Valley cities. New-York based Clarion Partners is building a 2.36 million-square-foot industrial park called Northern Parkway Commerce Center across 135 acres at the southwest corner of…» Wood Partners Breaks Ground […]