Phoenix Office Market Growth Paused In '16
The greater Phoenix office leasing and investment sales lull, which came before the election, or during much of 2016, seems to be over, Savills Studley executive vice president and Phoenix branch manager Tiffany Winne said.
“Phoenix and most other metropolitan areas saw subdued activity in the lead up to November's elections," Winne said. "Hiring leveled off a bit compared to recent activity levels, but the local sentiment suggests that continued growth is ahead.”
2016…
Read Full Story
|
|
|
Top stories on Bisnow.com
|
How Stadium Development Is Killing Loyalty In American Sports
Pandemonium will ensue inside NRG Stadium on Sunday. As the opening kickoff between the New England Patriots and the Atlanta Falcons sails through the air, 75,000 fans will be blinded by flashbulbs and deafened by their collective roar.
But 1,500 miles away in San Diego, Qualcomm Stadium will be as silent as a graveyard, not just because the Chargers didn't make it to the Super Bowl, but because the team will never play in the city again. The abandoned stadium stands as a solemn symbol of an NFL franchise system that exploits American cities and tosses away fans.
"The institutions create a system that is designed to minimize competition. That benefits the owners and the established league, but it harms fans and people who own lesser teams or want to own teams,” said Roger Noll, a senior fellow…
Read Full Story
|
|
|
Everything You Need To Know About NFL Stadiums
|
|
|
|
CA Investor Acquires Apartments In Fast-Growing Pinal County For $22M
Urban core apartments aren't the only game in the Phoenix area, as investors are on the lookout for solid outer suburban properties. Recently, California-based Laguna Point Properties snapped up the 176-unit Town Center Apartments in Queen Creek for $22.6M.
"The…
Read Full Story
|
|
|
Housing Trust Group Goes Ahead With Mesa Apartments
Lenders are a little more leery about multifamily construction loans now than only a short time ago, but Florida-based Housing Trust Group recently got the cash it needs — a $47.1M HUD 221(d)(4) construction loan to build Aviva, a project in Mesa.…
Read Full Story
|
|
|
Commercial Real Estate Pricing Remained Flat In January, With Office, Retail And Industrial Price Growth Contracting
Commercial real estate pricing remained flat in January, with office, retail and industrial markets experiencing a contraction in growth.
That's according to online real estate transaction marketplace Ten-X's CRE Nowcast, which uses proprietary technology, Google trends data and investor surveys to determine what's happening with CRE pricing in real time. Though commercial pricing growth was somewhat anemic last month, year-to-year gains remain 8.1% higher than this time last year. Ten-X senior quantitative strategist Chris Muoio said the one-month stall should not cause investors concern.
Click here to read the full story. |
|
|
|
|
|
5 NFL Franchise Owners With Impressive Real Estate
With Super Bowl weekend fast approaching, Bisnow zoomed in on some of the real estate holdings of NFL team owners — many of whom have a background in commercial real estate.
Check out the impressive portfolios of the owners of the Super Bowl LI teams — Atlanta Falcons owner Arthur Blank and New England Patriots owner Robert Kraft — and several others.
Click here to read the full story. |
|
|
