Originally posted on Commercial Property Executive April 3, 2018 A considerable drop in public construction spending brought down the overall increase for the month, according to the U.S. Census Bureau. by D.C. Stribling | Apr 03, 2018 Source: U.S. Census Bureau, Monthly Construction Spending, February 2018 U.S. construction spending during February 2018 [...]

Originally posted in Phoenix Business Journal April 4, 2018 Enlarge The city of Scottsdale is looking at a potential $60 million upgrade to Scottsdale Stadium. That is the spring training home to the San Francisco Giants in the heart of the Old Town area, which is home to bars, restaurants and [...]

Originally posted in Phoenix Business Journal April 4, 2018 Enlarge Tuscany Ridge in Peoria is in the midst of some of the highest cities for apartment rents. PROVIDED BY CBRE Despite moderate price increases, the city of Phoenix still is the least-expensive place to rent in the Valley, according to current [...]

Originally posted on National Real Estate Investor March 23, 2018 JLL Economist Walter Kemmsies shares his views on how the tariffs could impact the U.S. economy and commercial real estate. Patricia Kirk | Mar 23, 2018 Against the advice of trade experts and members of Congress on both sides of the aisle, President Donald [...]

Originally posted on National Real Estate Investor March 28, 2018 FINANCE & INVESTMENT NREI recently talked with PGIM Real Estate’s Alfonso Munk, Americas CIO and head of Latin America, about the firm’s strategy and views on market opportunities in 2018. Beth Mattson-Teig | Mar 28, 2018 PGIM Real Estate completed more than $8 [...]

Originally posted by Phoenix Business Journal March 26, 2018 Enlarge Chris Camacho In 2015, when Chris Camacho took the reins of the Greater Phoenix Economic Council from longtime president and CEO Barry Broome, it seemed he had some big shoes to fill. Two years later, Camacho might need bigger shoes. According [...]

Originally posted on Phoenix Business Journal March 21, 2018 Enlarge Commercial real estate broker Bo Sederstrom is a senior vice president with Seattle-headquartered Kidder Mathews' Phoenix office. A new way of measuring office space means rents will rise for some tenants, according to one longtime industry veteran in the Valley. Bo [...]

Originally posted on AZ Big Media March 20, 2018   Last year was a good year for the housing market homebuilding industry, according to data collected by Belfiore Real Estate Consulting, a residential market research firm that services all of Arizona. In fact, last year was good for Arizona’s residential real [...]

Originally posted on Phoenix Business Journal March 21, 2018 VIEW SLIDESHOW 15 photos The Milwaukee Brewers and city of Phoenix have broken ground on renovations and a modernization of the team’s Cactus League home. The improvements to Maryvale Baseball Park could total more than $75 million with the Brewers putting in $56 [...]

Originally posted on Phoenix Business Journal March 14, 2018 Enlarge CBRE asked investors about which are the best office markets. Phoenix ranks as the 11th most-desirable commercial real estate market, according to a new survey of investors by CBRE Group Inc. (NYSE: CBG). Phoenix moved up from No.14 in last year’s CBRE investor [...]

Originally posted on National Real Estate Investor March 14, 2018 “Occupancy is hovering around 95 percent, and that’s a healthy rate, especially with lots of product moving through initial lease-up,” says Greg Willett, chief economist with RealPage Inc. Developers opened a tremendous number of new apartment units in 2017. But the percentage of [...]

Originally posted by Phoenix Business Journal March 14, 2018 Scottsdale-based Camelot Homes is investing $240 million in four projects throughout metro Phoenix. The third-generation homebuilder opened White Horse, a luxury community in North Scottsdale with more than 500 homeowners and prospects. About half of the community's inventory of 50 half-acre lots already have been [...]

Originally Posted on National Real Estate Investor March 6, 2018 MULTIFAMILY More Apartment Landlords Offer Free Rent to Lure Tenants Property managers offered free rent to attract residents at roughly one-third (30.0 percent to 35.0 percent) of apartments in cities including Las Vegas, San Antonio and New York. Bendix Anderson | Mar 06, [...]

Originally Posted on CoStar March 5, 2018 Apt/Condo Construction Rebounds Sharply in January; Office, Hotel and Warehouse Construction Declines 15% Pasternack Properties broke ground on the 1.1 million-square-foot Warehouse 1 in the TEN Distribution Center industrial park in Phoenix, the first of six buildings planned for the $300 million, 3.6 million-square-foot [...]

Originally Posted on Phoenix Business Journal March 7th, 2018 Enlarge CoreLogic says Phoenix home prices are up 6 percent from January 2017 to January 2018, but the market may be overvalued. Phoenix home prices were on the rise through 2017 and now into 2018, but the market is one of a couple [...]

  Originally posted on Phoenix Business Journal on February 28, 2018 Maricopa Integrated Health System plans to pay $59 million to buy Abrazo Maryvale Campus from Dallas-based Tenet Healthcare Corp. (NYSE: THC), which closed the West Valley hospital last year. The hospital closure left 300 employees looking for new jobs. Plans [...]

Originally posted on Commercial Executive February 26, 2018 Demand for Apartments Keeping Pace with New Construction Phoenix – Rental rates are on the rise in the Greater Phoenix multifamily market, according to a report released by Colliers International in Greater Phoenix.  Rates ticked higher as demand for apartments keeps pace with the [...]

Originally posted on GlobeSt February 27, 2018 High valuations have also created a gap between buyer and seller expectations on pricing. The Federal Reserve Bank in Washington DC WASHINGTON, DC–The Federal Reserve has said on a number of occasions that asset valuations, including in the commercial real estate sector, are inflated. [...]

Originally posted by Phoenix Business Journal February 21, 2018 Milwaukee Brewers unveil details of Maryvale Baseball Park renovation, expansion VIEW SLIDESHOW By Rich Kirchen  – Senior Reporter, Milwaukee Business Journal Feb 21, 2018, 5:15pm The Milwaukee Brewers released details of their $56 million to $60 million investment in renovating and expanding of their spring [...]

Origianally posted on AZCentral February 21, 2018 Ritz-Carlton finally breaks ground on Paradise Valley resort Ritz-Carlton, Paradise Valley breaks ground An artist's rendering of the hotel lounge at the new Ritz-Carlton Resort in Paradise Valley. Dawn Gilbertson, The Republic | azcentral.comPublished 4:44 p.m. MT Feb. 20, 2018 | Updated 5:28 p.m. MT [...]