Commercial Real Estate & Business News August 27, 2019
Valley Apartment Deals Approach $4B During First Half of 2019 During the first half of 2019, investors paid $3.82 billion for 221 apartment communities across the Valley, according to research compiled by Vizzda LLC for the Phoenix Business Journal. That’s up from 198 properties sold for $2.98 billion during the same period in 2018, according to […]
Commercial Real Estate & Business News August 26, 2019
Yield Curve Inversion Might Be a Good Thing for CRE Investors The yield curve inversion can help borrowers in the commercial real estate industry, some industry sources say. The yield on the benchmark 10-year Treasury note dipped below the 2-year rate for a brief period on August 14 for the first time since 2007, causing fears […]
Commercial Real Estate & Business News August 23, 2019
Fed Minutes Show More Rate Cuts Likely Through 2020 The Federal Reserve released the minutes Wednesday from its July Federal Open Markets Committee meeting, showing that more rate cuts are likely through the end of 2020. At the end of its most recent July meeting, the Federal Reserve cut its benchmark rate by a quarter percentage […]
Commercial Real Estate & Business News August 22, 2019
Service Retail Takes Off in Phoenix Service-driven retail is taking off in Phoenix. While the big box market is struggling, service- and entertainment-driven retail concepts are experiencing roaring success. The Block at Pima Center, a new retail development in Scottsdale, is a perfect example of the leasing activity. The first phase of the project was fully […]
Commercial Real Estate & Business News August 21, 2019
Nike Pays Nearly $70M for Facility on Metro Phoenix’s West Side, Records Show Nike paid nearly $70 million for a facility on metro Phoenix’s west side near the Phoenix Goodyear Airport, where other high-profile businesses are setting up shop, records show. Goodyear in July gave the athletic apparel giant the OK to bring its third U.S. […]
Commercial Real Estate & Business News August 20, 2019
Mesa Offices Near Chicago Cubs Spring Training Site Sell for Record $107.6M An office campus in Mesa’s Riverview District has sold for $107.6 million, making it the priciest overall office sale in metro Phoenix so far this year. Waypoint’s four buildings, with almost 500,000 square feet of space, are home to tenants Cognizant, Mitel, Ashton Woods, […]