Commercial Real Estate & Business News – May 1, 2015
Market Trend: Phoenix Industrial Vacancy Stays at 11.6% The Phoenix Industrial market ended the first quarter 2015 with a vacancy rate of 11.6%. The vacancy rate was unchanged over the previous quarter, with net absorption totaling positive 1,644,484 square feet in the first quarter. That compares to positive 958,472 square feet in the fourth quarter […]
Commercial Real Estate & Business News – April 30, 2015
Phoenix Starts ‘Building Blocks’ of New 32nd Street Less room for cars, more space for bikes and street-side public art are the city’s first investments along 32nd Street under a major revitalization plan for the north Phoenix corridor. The plan ? approved by the City Council in December ? re-envisions the North 32nd Street Corridor, […]
Commercial Real Estate & Business News – April 29, 2015
Federal Mortgage Agency Says More Needed to Police Nonbank Lenders A government mortgage agency says it needs more resources to police the growing ranks of companies rushing to fill the void left by big banks that have stepped away from the market for riskier home loans. Ginnie Mae is asking for more staff in part […]
Commercial Real Estate & Business News – April 28, 2015
Phoenix Apartment Vacancies Lowest In Two Decades, Rents Up Apartment vacancies across Phoenix are at their lowest in two decades and rents increased a record amount during the first quarter, according to new data. Vacancy rates stand at 5.7 percent, down from 13 percent in 2009. Renters moved into 2,800 units during the quarter up […]
Commercial Real Estate & Business News – April 27, 2015
Business Journal’ Reveals The Top Exclusive Apartments Across Phoenix Alliance Residential Company’s Broadstone brand of apartment communities did well in the Phoenix Businesses Journal’s Exclusive Apartments list, taking two out of the top three spots when the list was published today. The list was based on information from Yardi Matrix data provided by Pierce-Eislen, with […]
Commercial Real Estate & Business News – April 24, 2015
Real Estate Rally Breathing Life Into Commercial Mortgage Bonds Signs of life are starting to appear in Europe’s commercial mortgage bond market, frozen since the financial crisis crushed real estate values seven years ago. Bank of America Corp. sold 445 million euros ($478 million) of notes in the biggest deal this year on Thursday, while […]
