February 4, 2016

Among real estate property types, multifamily has been strong and the outlook is positive for 2016. Investment dollars are still flooding into the apartments sector, although investment is more focused than ever on core strategies (new construction in urban infill) and will continue to be more conservative and careful. What can we expect to see in the capital markets crystal ball? Here are my top five predictions for 2016.

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It’s happening in New York. It’s happening in Boston with its new Millenium Towers, and it’s happening in Los Angeles, the go-to hot spot for hot Chinese money. On Dec. 18, the U.S. started a process to make foreign ownership of American real estate that much easier. This month, it now becomes a tax obligation to foreign owners, which will help the Internal Revenue Service crack down on just who exactly is owning these properties.

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February 3, 2016

The city of Phoenix is on the verge of landing 1,000 new jobs and a $23.7 million expansion of Farmers Insurance Exchange in North Phoenix.
The city of will invest $500,000 in workforce training funds. Phoenix was selected after a multi-state site selection competition.

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A downtown Phoenix hotel could be in the hands a of new owner in the near future. The city council will vote Wednesday whether to accept a multimillion dollar offer for the Sheraton Grand Phoenix.

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Developer Wood Partners has proposed a 230-unit, 4-story apartment complex south of Camelback on three combined parcels between 7th Street and 8th Place in Phoenix.

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A rental house located near a college campus may be a great investment—the list of places where investors earn the best yields on single-family rental houses is full of cities and towns with many college-aged residents, according to the latest analysis from data firm RealtyTrac.

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February 2, 2016

For office space design in 2016, “sense of purpose” is the new catchphrase that office-using businesses are using to attract and retain workers, including the much sought-after Millennials, according to recent research reports.

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In December, when the Federal Reserve raised rates for the first time in nearly a decade, many would-be homebuyers assumed it meant the beginning of the end for record-low mortgage rates.

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Arizona is gaining traction in one of the most crucial business categories to boost the state’s gross domestic product: middle market enterprises — but not to the extent needed.

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January 25, 2016

Predicting if and when Millennials will buy homes is a big money question for the real estate industry.   A group of up-and-coming Millennial leaders from metro Phoenix shared their opinions Wednesday on how they and their peers view housing with more than 1,000 of Arizona’s top real estate executives at Urban Land Institute Arizona’s […]

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January 22, 2016

Wall Street Journal staffer Ben Leubsdorf breaks down the make-up and trends of the three respective measures and indicators of inflation–the Producer Price Index, the Consumer Price Index, and the Personal-Consumption expenditures index–and the PPI’s recent renegade behavior.

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New adjustments to the government-sponsored enterprises’ lending caps portend an overall boost in apartment financing this year and double-digit growth over Fannie’s and Freddie’s record 2015 volumes.

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PHOENIX — Economists who advise the Arizona Legislature said Thursday they believe the state’s financial outlook will continue to brighten at a moderate pace despite pressure from national and world markets that have dropped in recent weeks.   The report by members of the Finance Advisory Committee gave a bit of calming news to lawmakers who tend […]

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For the first time since late-’60s urban renewal chased Phoenicians from the city’s core and into the suburbs, sales of condominiums are passing those of single-family dwellings here.

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Could Arizona’s largest office development be up for sale? A report from one of our sister papers, the Dallas Business Journal, says State Farm Insurance Co. wants to sell its newly completed $800 million regional operations campus in Texas.

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January 21, 2016

The High Street development in Phoenix could soon be up for sale.
The suburban development was originally called CityNorth. It is next to Desert Ridge Marketplace in north Phoenix near Loop 101 and Tatum Boulevard.

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Phoenix-based De Rito Partners and Los Angeles-based PCCP LLC have formed a new real estate joint partnership to own The Pavilions at Talking Stick Shopping Center. De Rito bought the 1.2 million-square-foot retail development in 2008. It is located at Indian Bend Road and Loop 101 just east of Scottsdale on the Salt River Pima Maricopa Indian Community.

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Demand for modern office space within the ASU Research Park remains high, as confirmed by the delivery and partial lease-up of Nexus @ ASU Research Park, a 123,863-square-foot, Class A office building recently renovated and reintroduced to the market by owner ViaWest Group

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World View, the commercial balloon spaceflight company, plans to expand in southern Arizona with the worlds first purpose-built stratospheric ballooning facility and Spaceport Tucson, the states first designated launchpad for commercial space endeavors.

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As of late, Five Guys has been the main East Coast fast-casual burger joint in the Valley. But this spring, the Virginia-based eatery will be joined by another major burger restaurant chain

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January 20, 2016

The latest readings are out for the Moody’s/RCA, Green Street and CoStar commercial real estate price indices. All three showed prices increasing for the time period they measured.

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Scottsdale’s residents like to look as youthful and fresh as possible, and now a resort in the city is doing the same.

Chaparral Suites in downtown Scottsdale is undergoing a $22 million makeover to become the Embassy Suites by Hilton.

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OdySea Aquarium is opening its doors to the public on July 2 and will be the largest aquarium in the Southwest, according to their website.

The aquarium is expected to be 200,000 square feet and have two levels. The facility projects to serve up to 15,000 visitors a day.

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Post-housing crisis, the residential market needed to return to a “healthy” inventory level to aid the recovery, but the recovery is still hobbling along, Landmark Capital Advisors’ managing directorAdam Deermount tells GlobeSt.com.

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U.S. commercial real estate could attract even more foreign investment thanks to tax changes included in the federal spending bill that was enacted in December.

The law made changes to the Foreign Investment in Real Property Tax Act that “are expected to put global companies and pension funds on a more equal footing with their U.S. counterparts,” according to Anika Khan, a senior economist at Wells Fargo Securities.

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