Commercial Real Estate & Business News March 25, 2019
Sports, entertainment corridors driving Valley development, experts sayThe throngs of fans who attend spring training baseball games in the Valley generate hundred of millions of dollars in economic impact but may also be influencing future development of “entertainment corridors” in areas around some Cactus League fields. …» Report: Construction contractors regain confidence in January 2019Construction industry […]
Commercial Real Estate & Business News March 22, 2019
Apartment Rent Growth Trends Continue in Early 2019 as Phoenix Enjoys a ‘Golden Age’ for Multifamily PropertyPhoenix has consistently ranked among the top multifamily rent growth markets in the nation in recent years, and strong rent gains early in 2019 indicate no change in that trend is expected any time soon. The Phoenix multifamily market…» […]
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 […]