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 […]
Commercial Real Estate & Business News – September 3, 2021
Across the top 30 markets CommercialEdge surveyed for its newest report, asking rents for industrial space averaged $6.31 per square foot in July and Phoenix led the nation with 24 million square feet of industrial space under construction.The highest average rent increases were recorded in port markets, with Southern California in the…» Pandemic’s Downtown Apartment […]
Commercial Real Estate & Business News – September 2, 2021
Kush: Scottsdale Needs to Make Inclusionary Housing Decisions In an article published by the Wall Street Journal less than two months ago, the WSJ said that the United States is millions of housing units behind current demand.In Arizona, this translates to a pre-pandemic need of 230,000 new units — roughly 50,600 in Scottsdale…» Phoenix Leads […]
Commercial Real Estate & Business News – September 1, 2021
How Does Arizona’s Economic Recovery Really Look? Unusual Markers Paint a Unique Picture Arizona’s economy has nearly recovered all of the jobs lost to the COVID-19 pandemic, significantly outpacing the national average.But that recovery is uneven: Some industries, like travel and tourism, remain far below where they were prior to the new coronavirus sweeping the […]
Commercial Real Estate & Business News – August 31, 2021
KBRA: CMBS Delinquencies Have Ebbed for 14 Consecutive Months Kroll Bond Rating Agency (KBRA) said the CMBS delinquency rate slipped 30 basis points to 4.6% from a month earlier. This is the 14th consecutive month where the rate has declined or was flat from the previous month since peaking in June 2020 at 8.2%, said […]