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The Greater Phoenix real estate investment market started the year slow, but reversed course during second quarter. The most recent three months posted more property sales, higher prices and compressed cap rates, according to a report released by Colliers International in Greater Phoenix. Sales of shopping centers recorded one of the most dramatic increases during second quarter, spiking more than 50 percent over the first three months...»
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East Valley cities face several challenges as they prepare for continued growth in coming decades. Planners in Mesa, Tempe, Chandler and Gilbert all say they have developed robust and diverse water portfolios. Eric Braun, Gilbert's water resources manager, said Gilbert has complied with state law proving the town can meet estimated demand for the next 100 years...»
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ICSC's annual RECon Convention in Las Vegas is a great opportunity to get a pulse of the industry. Each May, the trends and themes expressed at RECon are a great way to get a snapshot of the retail and mixed-use industry's health and collective mindset. So, you can imagine how surprised I was when I heard the words 'retail death spiral' from a reporter at this year's event. "So...tell me about the retail death spiral," was the exact, and first, thing out of her mouth...»
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While commercial real estate crowdfunding firms haven't disrupted the market, the top players have worked to continue to raise capital and find ways to make their bets. There are some situations where there are gap equity requirements that are well-suited for crowdfunding, for example. Crowdfunding might be a viable alternative for a property with a maturing legacy CMBS loan that requires extra equity in order to complete a refinance...»
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How bad is the inventory shortage plaguing the national housing market? One measure of the lack of solutions is that at least some experts are looking over the horizon to the death of the Boomers. "Boomers own a majority of owner occupied homes in the U.S.," observes Ralph McLaughlin, chief economist at home search site Trulia. "As far as we are aware, they have not found the fountain of youth, so eventually we might age out of the problem...»
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