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Commercial Real Estate & Business News – August 1, 2016

August 1, 2016 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Apartment Market ‘Increasingly Jittery’ for Investors
Rents are soaring and demand for apartments is historically high, but some developers and landlords are overestimating the strength of the U.S. apartment market – and paying for it in quarterly earnings…»
Economy Watch: Renters Fare Better in Certain Markets (Especially Arizona)
Only about 10 years ago, the multifamily industry fretted that an ever-increasing number of Americans would abandon the apartment market, spurred to buy residential properties by easy credit and official policy that encouraged homeownership. A lot can happen in a decade. Now the rental market still drives the housing recovery, with over 36 percent of US households renting in 2015. That’s the largest share since the late 1960s, when there was a shortage of for-sale housing…»
Chandler Luxury Development Secures Financing
Taking shape on an 11-acre plot of land in the Chandler submarket, the community will offer 283 upscale residential units. Jefferson Chandler will feature a resident amenity package including a dog park and dog wash, a putting green, a resort-style pool and 24-hour access to package lockers…»
Eastmark Earns Number One Spot In The State
Eastmark earned another top spot among the top 20 best-selling master-planned communities in the nation during the first half of 2016, according to a report released by real estate advisory group RCLCO. Eastmark was ranked in the 11th spot in the country and number one in Arizona…»
Zillow: Rents Rising Quicker Among Low-End Apartments
The disparity between luxury and affordable multifamily construction has been well documented in recent years. And with more renters in the market affordable apartments are few and far between. According to the latest analysis those affordable units are only growing scarcer…»

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Nick Miner, CCIM

ORION Investment Real Estate
7150 E. Camelback Road
Suite 425
Scottsdale, AZ 85251

480-226-8037
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