A prominent yet long-struggling downtown Mesa property could soon get a $42 million makeover with housing, retail and green space. The project, on the largely vacant northwestern corner of Country Club Drive and Main Street, would be the first market-rate housing development built downtown in decades, bringing as many as 200 apartments… Read more »
Overseas investors plowed a record $70 billion into U.S. commercial real estate in 2015, helping to sustain a steady increase in property values and transaction pace throughout the year. Having captured such a prominent role in the market, observers are closely monitoring the level of cross-border investment for any sign of a slowdown… Read more »
The Valley and Arizona continue to shine in a pair of new economic analyses that suggest solid near-term growth here amid broader tumult. In one report, BBVA Compass economists estimated Arizona has a zero percent chance of falling into recession in the near term and is expected to post 2.5 percent growth in economic output. By contrast, the continued struggles in the oil industry mean Texas has an 87 percent recession risk… Read more »
The end of the first quarter typically also marks the end of the store closure season as retailers who fared poorly during the year-end holiday sales period go public with their restructuring plans. Several notable store closure announcements dominated the headlines this year, however the headlines overshadowed an equally noteworthy trend: a growing number of brands that are seeking to increase the relevance of their real estate portfolios and leverage their physical reach… Read more »
Much has been reported about the CMBS market continuing to slow, plateau, freeze—fill in your own verb. GlobeSt.com spoke exclusively with Robert Brunswick, CEO of Buchanan Street Partners, to get his take on how this trend is affecting the capital-markets sector now and in the future… Read more »
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