Commercial Real Estate & Business News January 30, 2020
National Multifamily Report – December 2019 The multifamily market ended 2019 with a flat fourth quarter, however, keeping consistent with year-over-year growth staying between 3 and 3.3 percent for all 12 months. Much like November, December showed a drop in rent growth, falling $1 to $1,474 and dropping 10 basis points. Year-over-year rent growth…» The Danger […]
Commercial Real Estate & Business News January 29, 2020
Another Strong Year for CRE in 2020 RCLCO has released its Year-End 2019 Sentiment Survey and the results suggest that commercial real estate’s yearslong positive run will continue in 2020. The prediction and other assessments come from a geographically diverse group of experienced real estate professionals with expertise spanning the industry. Providing…» HonorHealth Breaks Ground on […]
Commercial Real Estate & Business News January 27, 2020
Here’s How GPEC Helped Valley Become a Magnet for Innovation The numbers are staggering. In its just over 30 years of existence, the Greater Phoenix Economic Council (GPEC) has helped more than 800 companies set up business in Arizona, helped bring more than 144,000 jobs to the state, and attracted more than $16.1 billion in capital […]
Commercial Real Estate & Business News January 24, 2020
Experts Tout a ‘Hot Arizona Market’ at IREM-CCIM Economic Forecast The theme of the 13th Annual IREM-CCIM Economic Forecast was “The Real Scoop.” Judging by the comments of economists and industry panelists, the message that resonated was “Phoenix and Arizona are on fire.” “Last year we talked about being late in the game and would there […]
Commercial Real Estate & Business News January 23, 2020
Housing Market in 2020: Here’s What to Expect in Arizona Even a rise in interest rates cannot slow Arizona’s red-hot housing market. “The modest uptick in mortgage rates over the last several months reflects declining recession fears and a more sanguine outlook for the global economy,” says Sam Khater, chief economist for Freddie Mac. “Due to […]
Commercial Real Estate & Business News January 22, 2020
Apartment Outlook 2020: Riding the Zenith Carl Dranoff is like the M. Night Shyamalan of multifamily real estate development. Rooted in Philadelphia since receiving his MBA from Harvard in 1972, Dranoff has succeeded through multiple economic cycles by adopting a maverick mentality and a cut-no-corners approach to developing high-end, placemaking properties across…» Arizona Developer Is Cracking […]