Commercial Real Estate & Business News – January 26, 2021
CRE Sentiment Is On The Upswing Overall sentiment across the commercial real estate market is increasing as 2020 becomes a bad memory, with confidence sharply rebounding from historic lows recorded in the middle part of last year. The latest RCLCO Current Real Estate Market Sentiment Index has increased 22.4…» Yardi: Rent Growth Drops 0.8% YOY […]
Commercial Real Estate & Business News – January 25, 2021
Institutional Owners Show Renewed Confidence in the Investment MarketInstitutional owners are re-entering the investment market, showing a renewed confidence to secure strong pricing. A fund managed by DRA Advisors is bringing the Pinnacle Corporate Park to market. The two-building, class-A office portfolio totals 259,458 square…» Sunbelt Holdings Will Lead 10M SF Expansion at Wild Horse […]
Commercial Real Estate & Business News – January 22, 2021
Align Technology Establishes Global Corporate HQ in TempeAlign Technology, Inc. (Nasdaq: ALGN) today announced that it established its new global corporate headquarters in Tempe, Arizona, effective January 1, 2021. The company’s San Jose campus remains the hub for its global innovation, product, and marketing…» Phoenix Office Complex Fetches $103.5 Million in SaleA Florida-based commercial real […]
Commercial Real Estate & Business News – January 21, 2021
CRE Investors May Have Missed the Window for DistressIn the last downturn, some CRE investors were able to scoop up distressed assets by this point in the cycle. But so far, those conditions haven’t materialized in the Covid-19 crisis, according to Real Capital Analytics. The Global Financial Crisis started in December…» Which CRE Sectors Are […]
Commercial Real Estate & Business News – January 20, 2021
San Diego Investor Kicks Off 2021 in Valley With Largest Apartment Buy of the YearSan Diego-based MG Properties Group plunked down $145.25 million for a 576-unit apartment community in Phoenix — the biggest multifamily acquisition of the year so far. Paul Kaseburg, chief investment officer for MG Properties Group, said he’s not done yet. “We […]
Commercial Real Estate & Business News – January 19, 2021
Tempe Approves Mixed-use Project Planned for Macayo’s SiteThe Tempe City Council unanimously gave approval to a plan by Phoenix-based Red Development to redevelop the Tempe Macayo’s Depot Cantina site into a mixed-use development, which also will preserve and restore the train depot on the site. Red Development is planning to build a 17-story office…» Bank […]