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Commercial Real Estate & Business News – July 6, 2016

July 6, 2016 by Nick Miner, CCIM   No comments   Filed Under: Daily News

MPF: Rents, Occupancies Rise in 2Q
The occupied apartment count across the nation's 100 largest metros increased by 127,402 units in the second quarter. This is one of the biggest quarterly demand totals posted in recent years, topping 2015's second-quarter demand volume by 23%, according to MPF. Apartment demand from April to June well surpassed completions totaling 67,550 units...»

Outlook for Apartment Loans Remains Bright in Wake of Brexit
It's still the best time ever to take out a loan on an apartment property - thank in part to the "Brexit" vote in the U.K....»
Total Construction Spending Down, Though Spending on Apartments, Offices Up
U.S. construction spending during May 2016 came in at an annualized rate of $1,143.3 billion, or 0.8 percent below the bureau's April estimate...»
Elliott D. Pollack & Company: Arizona Economy
Economic news over the past week has been typical of "later in the cycle" data and seems to indicate that the fears over Brexit and its effect on the American economy might have been overblown. While the economy continues to be lethargic and the causes of that lethargy are not changing, incomes are still improving and confidence remains high. And while the manufacturing sector remains weak, it is still improving. Private construction is up and home prices continue to recover at a reasonable rate...»
Tempe Retail Center Sells for $7.5M
A Tempe retail center, Countryside Specialty shops, sold for $7,500,000, according to ORION Investment Real Estate. This ±31,723 square foot, vibrant retail strip center sits on the northwest corner of McClintock Drive and Warner Road at a signalized intersection, with high traffic counts...»

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Nick Miner, CCIM

Orion Investment Real Estate
7328 E Stetson Drive
Scottdale, AZ 85251

480-226-8037
nick@nickminer.com

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