Commercial Real Estate & Business News – January 27, 2014
Millennials’ Choices Important to Phoenix Housing Market Millennials will drive the future of the Phoenix housing market. That’s what Mark Stapp, director of the Masters of Real Estate Development program at Arizona State University, told a crowd at the Phoenix Market Explained II event Saturday morning. “The real estate industry was so busy trying to […]
Commercial Real Estate & Business News – January 24, 2014
DeRito Partners Buying Central Phoenix Retail Plaza Planned for Redevelopment A company formed by De Rito Partners in Phoenix plans to purchase and redevelop a retail plaza in Central Phoenix that is located at the southwest corner of Indian School Road and 32nd Street. The 147,000-square-foot center, which is anchored by a Food City grocery, […]
Commercial Real Estate & Business News – January 23, 2014
The Other Cheap Capital: Rethinking Hold Periods With declining fees, jittery interest rates and the real prospect of cap rate reversion, I’ve argued with my friends that the five- to seven-year hold model of multifamily investment has become too risky for the returns to the sponsor community. The risks to long-term value – particularly interest […]
Commercial Real Estate & Business News – January 22, 2014
Outlook Improves for Construction — If Firms Can Find Skilled Workers This year is shaping up to be a good year for the construction industry — if contractors can find enough qualified workers. A survey of more than 800 construction firms by the Associated General Contractors of America found that 41 percent plan to add […]
Commercial Real Estate & Business News – January 21, 2014
Hungry For Returns As investors dealt with so much fiscal uncertainty in 2013 – the budget deficit, potential tax increases, raising of the debt ceiling, and higher health insurance premiums associated with the Affordable Care Act just to name a few – it is almost a relief to get back to worrying about the basics. […]
Commercial Real Estate & Business News – January 17, 2014
U.S. Property Markets Post Strongest Sales Volume Since 2007 For buyers and sellers of commercial property, 2013 was a very good year. Total commercial real estate sales are projected to be more than 18% higher in 2013 from the previous year as U.S. property fundamentals and the economy continued to improve and investors in all […]
