Why Phoenix's Industrial Market Has Moved To The Head Of The Pack
Almost without fanfare, industrial has become the darling property type in a lot of markets, rather than multifamily. CBRE SVP Bill Bayless tells us that Phoenix industrial is now very healthy.
"Activity from users is up across a variety of industries, including advanced manufacturing, food/beverage processors and distributors, pharmaceutical companies, 3PLs and last mile e-commerce companies, among others," Bill says.
Also, market fundamentals are trending positive, and as of Q3 2016…
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Mainstreet Starts Work On Healthcare Facilities In Chandler, Tucson
Indiana-based Mainstreet, a specialist in developing post-acute healthcare properties, has tapped Balfour Beatty Construction to build two transitional care properties in Chandler and Tucson. Each of the 70-bed facilities will provide post-acute care, short-stay rehabilitation and therapy for patients. The 50k…
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AZ Mall Developer Rusty Lyon Dies
Mall developer Russell "Rusty" Lyon Jr. has died at age 86. He had Alzheimer's disease, the Arizona Republic reports. Rusty founded Westcor in 1964, and developed a good many malls, including Biltmore Fashion Park, Scottsdale Fashion Square and Metrocenter in the…
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Dealing With NIMBY: How It Can Turn In Your Favor, And When You Need To Call In The President
NIMBY: it's an acronym that sends chills down the spines of real estate developers. It's often the rallying cry of neighborhoods, and even the White House views it as a detriment to urban planning and affordable housing. We ID'd projects across the country that have dealt with neighborhoods in different ways.
Real estate pros need to be sensitive to the wishes of the residents who helped make these neighborhoods attractive to developers in the first place. For these residents, the fears of overbuilding and a development's scope are real. Developers who…
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Major Shifts In Consumer Behavior Drag Down Hotel, Retail CRE Pricing
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Demand Remains Strong In The Most Expensive Retail Markets In The World
Having the perfect physical location in retail is increasingly important. As the retail landscape continues to shift in favor of omnichannel shopping, high-profile retailers in particular are searching for those iconic prime locations to expand their physical footprint as sales slowly move online.
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