Commercial Real Estate & Business News – April 21, 2016
Groundbreaking And Lease Taking Are Themes At Office Park Just as it breaks ground on the first building at The Grand at Papago Park Center, Lincoln Property Company has secured a pre-lease commitment from a major first tenant: leading enterprise application software company SAP America. SAP is currently located in the Scottsdale Galleria, but will […]
Commercial Real Estate & Business News – April 20, 2016
Multifamily Investors Seek More Value-Add Deals Yield-driven multifamily investors are more and more likely to focus on fixing up older properties. Higher prices on apartment properties have squeezed the yields for investors. Value-add investments offer an opportunity to push those yields higher. That might not matter for buyers simply looking for a safe place to […]
Commercial Real Estate & Business News – April 19, 2016
Pollack: Valley Employment Bright The latest employment data and revisions from 2015 show Arizona and its major metro areas have been performing better than originally thought. The first of two major revisions show that Arizona employment in 2015 was up 2.6% compared to the 2.4% originally reported. In Greater Phoenix, growth was 3.3% compared to […]
Commercial Real Estate & Business News – April 18, 2016
Will Millennials Consider Suburban Living? They may have a reputation for wanting the latest in urban living, but not all Millennials fit that mold. In fact, says Sammy Glassman, some of the young homebuyers that she’s worked with lately are bucking that supposed trend and seeking out homes and communities in the suburbs such as […]
Commercial Real Estate & Business News – April 15, 2016
Foreign Buyers of U.S. Real Estate: By the Numbers It’s no secret that foreign investors, from sovereign wealth funds to insurance groups, have been eager to park their money in U.S. commercial real estate lately. A new report from commercial real estate services firm Newmark Grubb Knight Frank breaks down exactly how much money was […]
Commercial Real Estate & Business News – April 14, 2016
CRE Prices Continue to Drop Commercial property price indices continue to bear out the idea that the price appreciation the industry has enjoyed since 2010 is over. The Moody’s/RCA’s all-property CPPI, for example, registered a 0.2-percent decline in February, after a 0.3 percent decrease in January—the first such drop in six years. The greatest decrease […]
