Commercial Real Estate & Business News – June 11, 2021
Phoenix is No. 1 for Net Inbound Moves The pandemic has upended the meaning of home, and prompted many of us to rethink how and where we want to live. A new Zillow survey of inbound moves and outbound moves finds more than 1 in 10 Americans (11%) say they have already moved in the […]
Commercial Real Estate & Business News – June 10, 2021
Investment Firm Westcore Gets $500 Million Infusion From Arizona Pension System Industrial-focused investment firm Westcore received a $500 million equity capital infusion from the Arizona State Retirement System, with plans to pursue further acquisitions and development in high-demand sectors including e-commerce distribution…» NMHC Tracker: 77% of Apartment Households Paid Rent by June 6 In its […]
Commercial Real Estate & Business News – June 9, 2021
An Abundance Of Liquidity Just two years ago, Starwood Property Trust told its shareholders about its first foreclosure on a loan that was net leased to a single grocery tenant that filed for bankruptcy. The 440,000-square-foot distribution center had a loan balance of $17 million, CFO Rina Paniry reminded shareholders on…» Developers, Investors Plan More […]
Commercial Real Estate & Business News – June 4, 2021
Here are the Healthcare Building Trends that Emerged from Pandemic It’s been more than a year since the World Health Organization declared the COVID-19 outbreak a pandemic and the first related deaths were reported in the U.S. During the height of the pandemic, hospital systems were stressed as available beds ran dangerously low in cities […]
Commercial Real Estate & Business News – June 3, 2021
California Investor Pays $128 Million for Two Greater Phoenix Apartments Developer P.B. Bell sold two apartment complexes in midtown Phoenix and Glendale, Arizona, to a private California investment firm for $128.2 million, as out-of-state buyers scoop up more Phoenix-area multifamily investment properties. JB Partners, based in…» Lenders Take Note of Hopeful Signs for Office and […]
Commercial Real Estate & Business News – June 2, 2021
Most People Who Moved Last Year Say They Are Better Off By and large, the people who moved during the pandemic have more money in their pocket than they did in early 2020. Seventy-eight percent of surveyed Redfin.com users who moved to a different metro area from March 2020 through March 2021 have the same […]