Commercial Real Estate & Business News February 7, 2019
How Does Mixed-Use Stack Up on the Capital Side?Equity investors continued to seek out multifamily in 2018 and lenders had plenty of capacity to place debt, but will the trend continue into 2019? Panelists took on that issue during the 2019 NMHC Apartment Strategies Outlook Conference here in San Diego. For Waterton, Philip Martin, SVP […]
Commercial Real Estate & Business News February 6, 2019
Job Growth to Fuel Phoenix Economy in 2019Phoenix was one of the leading metros in the country for employment growth in 2018, a trend that experts forecast will continue into this year as the economy shows no immediate signs of slowing. Phoenix added 76,900 new jobs in 2018…» Cuningham Group Unveils Plans for Millennium Park […]
Commercial Real Estate & Business News February 5, 2019
Jobs, Demand Drive US Office DevelopmentStrong demand for space-underpinned by healthy growth among office-using industries-keeps the U.S. office market’s performance steady, according to a survey of 115 markets conducted by Yardi Matrix. In 2018, business professional and technical services led expansion with the addition of 286,000 jobs, followed by strong growth in…» New Apartments Expected […]
Commercial Real Estate & Business News February 4, 2019
Competition Heats Up as More Builders Shift to Affordable Homes in ValleyCompetition is going to get hot and heavy in 2019 among homebuilders in the Valley, as they duke it out for a piece of the affordable housing market. More homebuilders are making a concerted effort to build for first-time homebuyers, shifting away from move-up […]
Commercial Real Estate & Business News February 1, 2019
How Many More Store Closures Are Expected in 2019?Despite headline-making store closings by Sears, Bon-Ton, Kmart,and others over the past few months, U.S. shopping center and mall owners have been working hard to hang on to tenants. However, they are likely gearing up for another challenging year as more store closures are anticipated in 2019. […]
Commercial Real Estate & Business News January 31, 2019
Phoenix Investments Mature at Record SpeedsInvestors aren’t only finding yields in the Phoenix market, but speed as well. Capital Square 1031, which specializes in Delaware statutory trust offerings, has brought a property full-cycle in record time and has achieved 131% return on equity and an 18% annualized return of equity. The firm sold Crossroads Apartments, […]