Commercial Real Estate & Business News – September 10, 2020
California Investors Drive Transaction Volumes in ArizonaCalifornia investors are driving transaction volumes in Arizona during the pandemic. California investors typically account for 30% to 40% of transaction volumes in the market, but recently, that number has increased to 50%. While the pandemic has impacted all markets, California investors…» Arizona’s 30-year Outlook: Short-run Trouble, Long-run GrowthThere […]
Commercial Real Estate & Business News – September 9, 2020
Bound for a Rebound? The Future of Multifamily HousingFor 10 years, the multifamily sector has enjoyed consistent growth. Often heralded as the “smart investment” of the real estate industry, research cited by CBRE in 2018 reveals that when compared with hotel, industrial, office, and retail spaces, multifamily has the highest average annual return while…» Self […]
Commercial Real Estate & Business News – September 8, 2020
Why People Are Buying and Selling Right NowWhen a client asked me to underwrite their apartment building in the early days of the pandemic, I told them it would be an exercise in futility, since at that time, there was quite literally, no market. In late March and April, the entire marketplace became virtually nonexistent, […]
Commercial Real Estate & Business News – September 4, 2020
Happy Labor Day Weekend! Construction to Start on Massive Sports and Entertainment Complex in Mesa, ArizonaA nonprofit organization expects to start construction next month on a $250 million sports and family entertainment complex in Mesa, Arizona, that would be operated by global sports and live entertainment venue developer Oak View Group. Specialty investment bank Ziegler, […]
Commercial Real Estate & Business News – September 3, 2020
Rio Reimagined Project Gets Boost with Federal DesignationThis morning, representatives from the U.S. Environmental Protection Agency (EPA), Arizona State University (ASU), the U.S. Department of the Interior (DOI) and other federal, local and state partners held a live-streamed press conference to announce steps forward in the ongoing Rio Reimagined…» First look: Arrive Hotels Makes its […]
Commercial Real Estate & Business News – September 2, 2020
Gila River Hotels & Casinos Breaks Ground on $143M Expansion in ChandlerGila River Hotels & Casinos – Wild Horse Pass broke ground on a $143 million expansion project in Chandler, a move that aligns with the enterprise’s rapid growth in Arizona. Scheduled to open in fall 2021, an 11-story hotel tower will be added to […]