Commercial Real Estate & Business News March 21, 2019
Nation’s Largest Homebuilder Gobbling Up Big Chunks of Valley LandLennar Corp. (NYSE: LEN) is busy gobbling up land in metro Phoenix and there’s no indication the Miami-based homebuilder will slow down any time soon. “We are certainly committed to this market,” said Jeff Gunderson, senior vice president of land acquisition and development for Lennar, which […]
Commercial Real Estate & Business News March 20, 2019
Bioscience Is Creating a More Stable Market in PhoenixBioscience and life science are growing rapidly in Phoenix, and the industries are fueling local economic, job and population growth. In the long-term, they will also ensure more stability for Phoenix-an important characteristic for a market that was hit so badly in the last recession. It could […]
Commercial Real Estate & Business News March 19, 2019
Where Are Cap Rates Going in the Four Core Property Sectors?With late 2018 jitters gone and investor optimism returning, the commercial real estate market should experience mostly steady cap rates through the first half of 2019, although there are particular market segments and geographies that could experience some bumps. “On the interest rate side, I […]
Commercial Real Estate & Business News March 18, 2019
Why U.S. Apartment Rentals Will Continue to be a Good Investment ChoiceA major and unprecedented structural shift has occurred in the real estate market due to a variety of demographic and socioeconomic factors. Occupied U.S. rental apartment units rose by 20 percent above the prior 10-year period. Real estate investment managers’ allocations to institutional-quality multifamily […]
Commercial Real Estate & Business News March 14, 2019
Retail Market Webinar: US Store Vacancies Fall to Lowest Point in More Than a Dozen YearsU.S. retail real estate is bursting at the seams. The national retail vacancy rate fell to 4.4 percent, its lowest level in more than a dozen years, in the final quarter of 2018, according to a CoStar analysis. That happened […]
Commercial Real Estate & Business News March 13, 2019
A Major Bioscience Hub Is Emerging in PhoenixThe bioscience market is taking off in Phoenix. The market has more bioscience and healthcare facility product under construction than any other market in the US, according to research from CBRE. In the next 24 moths, there is more than $3.5 billion in capital investment, which equates to […]