Boosted by the pandemic, positive industrial real estate fundamentals are driving asset values to record highs, particularly “last mile” properties in core urban markets. And investors of all types are competing hard to pounce on the limited number of available deals. “A range of institutional … [Read more...] about Commercial Real Estate & Business News – November 13, 2020
SOLD: Redevelopment on 7th Street |Phoenix Arizona
REDEVELOPMENT OPPORTUNITY ON 7TH STREET trades for $156 per square foot in phoenix Phoenix – A redevelopment opportunity located in a highly desirable Phoenix opportunity zone sold this week for $825,000, or $156 per square foot. The purchase garnered multiple offers and includes three buildings … [Read more...] about SOLD: Redevelopment on 7th Street |Phoenix Arizona
Commercial Real Estate & Business News – November 12, 2020
Phoenix Industrial Market Fueled by PandemicThe Phoenix industrial market has surged during the pandemic, according to a new report from Colliers International. In the third quarter, industrial absorption was 2.5 million square feet in Phoenix. The activity is driven by increased ecommerce spending, … [Read more...] about Commercial Real Estate & Business News – November 12, 2020
Commercial Real Estate & Business News – November 11, 2020
Happy Veteran's Day! Thank you to our service members! Population Growth in Phoenix Expected to Drive Medical Office MarketThe Greater Phoenix Medical Office market has remained healthy during third quarter, despite an increase in sublease availability. During the past three months, the market … [Read more...] about Commercial Real Estate & Business News – November 11, 2020
Commercial Real Estate & Business News – November 10, 2020
The CRE Community Awaits a Biden AdministrationThis weekend, four days after the presidential election was held, several media outlets called the state of Pennsylvania for former Vice President Joe Biden. He had won its electoral votes and along with them, the presidency. President Donald Trump has … [Read more...] about Commercial Real Estate & Business News – November 10, 2020
Commercial Real Estate & Business News – November 9, 2020
Multifamily Investors Plan to Add Value in the PandemicGiven current market conditions, some apartment investors are looking for a little something extra when they consider buying apartments. They have recently been able to close deals to buy apartment properties, despite the chaos caused the spread … [Read more...] about Commercial Real Estate & Business News – November 9, 2020