Commercial Real Estate & Business News – March 20, 2020
$3.3B Gasoline Production Plant Comes To Casa Grande And Fast-Growing I-10 CorridorThe city of Casa Grande hit a real estate milestone today, as oil and gas company Nacero Inc. said it would build a $3.3B gas production facility there. Considered “drive-through” country between Phoenix and Tucson, Casa Grande is part of the fast-growing Interstate 10 […]
Commercial Real Estate & Business News – March 18, 2020
Despite Pandemic Uncertainty, Rents Remain Strong in FebruaryThe national average rent was $1,468 in February 2020-up 3.2%, or $46, from February 2019, according to data compiled in RENTCafe’s monthly rent report. February’s year-over-year rent growth matches the pace set in January, but falls just below last year’s 3.5% YOY growth rate. Out of the nation’s…» […]
Commercial Real Estate & Business News – March 17, 2020
Phoenix Among Top Tech MarketsPhoenix is officially one of the top tech markets in the nation for office leases. According to a list of the markets with top tech-company office leasing activity from CBRE, Phoenix is ranked fourth in the nation for its share of the technology leasing, with a total of 1.3 million square…» My […]
Commercial Real Estate & Business and News – March 16, 2020
Why Borrowers Should Lock-in Long-Term FinancingWe have been in a low interest rate environment for the length of the current business cycle, and yet somehow, rates today are even lower than they were 12 months ago. While the market has grown accustomed to low interest rates, they are no guarantee, and some capital markets experts […]
Commercial Real Estate News – March 12, 2020
The Nation Faces 7 Million Shortage of Affordable and Available Rental HomesThe nation’s severe shortage of affordable and available homes disproportionately affects people of color, reports the National Low Income Housing Coalition (NLIHC). African-American, Native American, Hispanic, and Asian households are more likely than white households…» Phoenix Claims 5 of The 100 Largest Tech Office […]
Commercial Real Estate Business News – March 11, 2020
U.S. CRE Still a Top Pick for Foreign Investors, AFIRE Survey IndicatesForeign investors continue to view U.S. commercial real estate as a solid investment, with multifamily and industrial properties remaining their favored picks, according to the results of the 28th annual survey conducted by the Association of Foreign Investors in Real Estate…» Get Ready for […]