Commercial Real Estate & Business News – August 14, 2014
Demand for Apartments Proves Stronger Than Thought, Driven by Millennials Good news for multifamily housing—demand for space is likely to be even stronger than experts estimated, helping the sector keep ahead of new construction for the immediate future, according to the Mid-Year Outlook 2104 from Freddie Mac Multifamily Research… Read more » Cohen Asset Management Bolsters Valley Industrial […]
Commercial Real Estate & Business News – August 13, 2014
Top 10 Metros for New Apartment Construction Permits While multifamily permitting was a big driver of all residential sector activity most of the year, the summer has seen a bit of a slowdown, according to research firm Axiometrics. In June, the annualized rate of multifamily permit activity dropped by double-digit percentage for the second straight […]
Commercial Real Estate & Business News – August 12, 2014
New Projects Target Scottsdale’s Thomas Road Art Nolte remembers when Thomas Road, one of south Scottsdale’s major east-west corridors, wasn’t even paved headed west to Phoenix. The 74-year-old has owned and operated Scottsdale Automotive Specialists, on Thomas, two blocks west of Scottsdale Road, for 46 years…. Read more » Security Properties Grabs Mesa Apartments for $30M Security Properties, […]
Commercial Real Estate & Business News – August 11, 2014
Low Rates Boost REITs, Commercial Real Estate Stocks As interest rates hover near recent lows, and investors search for anything with yield, commercial real estate is finding its footing yet again, outperforming the broader U.S. stock market. Stock exchange-listed U.S. equity real estate investment trusts were up 16.25 percent… Read more » Old Resort Site To Feature […]
Commercial Real Estate & Business News – August 8, 2014
JLB Partners Taking Over Apartment Project Planned On Scottsdale Road JLB Partners L.P. in Irving, Tex. (James Bosler, chairman) is now in the driver’s seat to develop an apartment project located near the southwest corner of Osborn and Scottsdale roads in Scottsdale. In February, BREW reported Transwestern of Houston, Tex… Read more » Sprouts to Open New Store […]
Commercial Real Estate & Business News – August 7, 2014
Millennials Driving Phoenix Multifamily Market, But A Drag On Housing Millennials and college students are very much driving the local multifamily marketplace as younger demographics are propelling new developments in Tempe, Scottsdale and central Phoenix. They are also driving landlords to put in more amenities and generally smaller units… Read more » Retail Sales Strong, Even As Pace […]
