As more global companies move data and information to the cloud, the cloud itself is actually moving closer to them. Phoenix and other North American data center markets have emerged as hotspots as operators and cloud providers follow affordable utility rates, tax incentives and a demand for expanded service offerings… Read more »
New upscale apartments and a coffee shop are going up on one of central Phoenix’s most prominent vacant corners. Developer Lennar has started construction on The Muse at the northwest corner of Central Avenue and McDowell Road. The highly anticipated project will have 367 apartments, a fitness center with yoga room, dog washing room, pool with Zen garden, car charging stations and outdoor terrace with views of central Phoenix…Read more »
The multifamily sector’s strength comes from the fact that demand has staying power, vacancies are already low so rents are strong and growing, and so are wages, Auction.com’s chief economist Peter Muoio tells GlobeSt.com. After a successful RealShare Apartments conference in October, we spoke exclusively with Muoio about the multifamily sector, what’s driving it nationally and the trends he is noticing in this product category… Read more »
With interest rates poised to rise, NREI recently talked with Richard Barkham, Ph.D., executive director and global chief economist at commercial real estate services firm CBRE to discuss what lies ahead for the U.S. commercial real estate market in 2016. NREI: It looks like the Fed will finally raise interest rates in December. Do you agree with that consensus?… Read more »
By all accounts, the multifamily investment sales market has been on a bull run in recent years. The fact that the sector was the leader in the real estate recovery and continues to produce solid occupancies and rent growth has caught and held investor interest. And despite stiff competition and record sale prices in many metros, buyers’ voracious appetite for apartments has not diminished… Read more »
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