Commercial Real Estate & Business News January 30, 2019
Bankruptcy Court Ruling Opens Land Near Desert Ridge for DevelopmentCrown Realty & Development has closed on 96.5 acres of land near Desert Ridge Marketplace and acquired master developer rights to 5,700 acres, opening land that had been tied up in bankruptcy and litigation to development. The land previously was valued at $121 million. Irvine, California-based […]
Commercial Real Estate & Business News January 29, 2019
Phoenix’s First Mall, Park Central in Midtown, Finally Gets Much-Needed New Look and LifeMidtown Phoenix is no longer a canyon of far-from-full office towers built more than three decades ago. The area that businesses moved away from in the late 1990s is now drawing start-ups and big companies that want to be near light rail, […]
Commercial Real Estate & Business News January 28, 2019
Institutional Investors Plan to Come Back to Targeting Core CRE, New Intentions Survey ShowsA recent Investor Intentions Survey 2019 compiled by the Pension Real Estate Association (PREA), the European Association for Investors in Non-Listed Real Estate Vehicle (INREV) and Asian Association for Investors in Non-Listed Real Estate Vehicles (ANREV) found that institutional investors raised their […]
Commercial Real Estate & Business News January 25, 2019
Vantage to Build Its Largest Data Center in North America Near PhoenixVantage Data Centers bought 50 acres in Goodyear, Arizona, for construction of its largest data center campus in North America to date, in the latest sign of rising demand in the Phoenix area fueled by the growth of cloud computing and e-commerce companies. The […]
Commercial Real Estate & Business News January 24, 2019
Why Investors Still Favor Metro Phoenix for Multifamily AcquisitionsMetro Phoenix’s population and job growth are keeping investors bullish on the multifamily market in 2019. Also driving investor enthusiasm is the affordability factor – even though rents continue to rise in metro Phoenix, it’s still less expensive than many West Coast cities. In metro Phoenix, 20 […]
Commercial Real Estate & Business News January 23, 2019
This Year’s Winners and Losers In The Multifamily MarketsSupply is one of the themes in Fannie Mae’s Outlook for 2019, which is being released this morning. Namely, the GSE expects the multifamily market to remain positive but it warns that a wary eye must be kept on the amount of supply coming online. This year […]