Commercial Real Estate & Business News September 13, 2019
Blackstone Creates Largest Real Estate Fund in History, Raising More Than $20 Billion Private equity firm Blackstone Group pulled in $20.5 billion of total capital commitments, $5 billion more than its original target, to make its latest global real estate investment fund the largest of its kind ever created as investors wondering how long the record […]
Commercial Real Estate & Business News September 12, 2019
Lenders Won’t Cover Rising Construction Costs on Multifamily Projects Low interest rates are not enough to make up for the rising cost of construction on new apartment building projects. “The drop in interest rates will not make a bad project look good,” says Matthew Swerdlow, director of capital services for Ariel Property Advisors, a real estate […]
Commercial Real Estate & Business News September 11, 2019
Foreign Capital Flowing to US Property Seen Increasing Into Next Year While foreign investment in U.S. commercial real estate fell significantly in the first half of the year, that flow of capital is expected to start picking up in the second half as investors’ concerns over a recession start to dissipate. “Inbound capital will rebound,” said […]
Commercial Real Estate & Business News September 10, 2019
Phoenix Apartment Pipeline Heats Up as Demand Outpaces Supply Even with nearly 14,000 apartment units under construction in metro Phoenix, builders still can’t keep up with demand.According to research conducted by Kasten Long Commercial Group exclusively for the Phoenix Business Journal, metro Phoenix has 13,631 units within 54 projects under construction. Of those, 23 totaling…» Nonresidential […]
Commercial Real Estate & Business News September 9, 2019
This Corridor Has Quickly Become the Hotspot for Retail and Hospitality Development in Phoenix Several new projects in varying stages of development will join the cluster of retail, entertainment and hospitality tenants in Phoenix’s Central Scottsdale submarket. The area surrounding the Talking Stick entertainment corridor within Salt River Pima-Maricopa Indian Community along the Loop 101 has […]
Commercial Real Estate & Business News September 6, 2019
For Many Retailers, Single Women Will Become the Make or Break Demographic, Morgan Stanley Study Finds Single women might just single-handedly boost the success of retailers like Lululemon, Nike, TJ Maxx and Ulta Beauty, according to a new study by investment bank and financial services company Morgan Stanley. The study is called the “Rise of the […]