Commercial Real Estate & Business News – September 15, 2021
Ohio-Based Developer Enters Phoenix Market With Large West Valley Industrial Projects A national developer has started construction on a West Valley industrial project, its first development in the Phoenix metro, and has plans to build more. Columbus, Ohio-based The Pizzuti Companies has just broke ground on Cotton 303 Logistics Center, a 915,160-square-foot speculative industrial building […]
Commercial Real Estate & Business News – September 14, 2021
Apartment Retention Rates Surge to Near Lockdown-Era Peaks Apartment retention rates are soaring back to lockdown-era highs, as more renters are determining that staying in place is often the best and most affordable option – given a remarkable lack of alternatives for all types of housing and for all price points.The share of renters choosing […]
Commercial Real Estate & Business News – September 13, 2021
U.S. Multifamily Rents Set Record for Year-Over-Year Growth Multifamily asking rents increased nationally by 10.3% in August on a year-over-year basis, marking the first double-digit increase in the history of Yardi Matrix’s data set. Overall occupancy was strong, as well, increasing by 0.9% from a year ago to 95.6%. All metros that Yardi Matrix tracks […]
Commercial Real Estate & Business News – September 10, 2021
KPMG: Retailers Optimistic About Holiday but Worried About Inventory Shortages Holiday sales are expected to be 7% higher this season compared to last year — the metric is almost double the industry’s historical growth, which tends to run 3% to 4%.That’s according to a new report from KPMG, which surveyed 114 U.S. retail executives across […]
Commercial Real Estate & Business News – September 9, 2021
CapRock Partners Launches Largest Spec Industrial Complex in History of Phoenix CapRock Partners, a leading industrial investor, developer and asset manager in the Western U.S., today announced the development commencement of CapRock West 202 Logistics, the largest speculative industrial real estate project in the history of the City of Phoenix. CapRock is transforming one of […]
Commercial Real Estate & Business News – September 8, 2021
A Closer Look at Apartment Resident Touchpoints Since the Pandemic CHICAGO—Priorities on how operators create and respond to touchpoints with renters and prospects have been shifting since the pandemic. New technology has unlocked opportunities to connect in different ways and to generate data to help with decision-making.Strategies for such were discussed by…» Glendale Commission Approves […]