November 24, 2020

In this episode of the Common Area podcast, David Bodamer discusses the recent CBRE Market Outlook 2021 report with the Richard Barkham, the firm’s chief global economist and head of America’s research. In this episode, you will learn: How commercial real estate’s recovery

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Absorption in the U.S. office sector will remain negative through early 2021, according to the NAIOP Research Foundation’s latest Office Space Demand Forecast. But an about-face beginning in the second quarter of 2021 will lead to overall net gains by the third quarter of 2022. A pandemic-induced

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Thanks to a pandemic push, the self-storage market is taking off. Self-storage properties are among a handful of asset classes to shine during the pandemic, and the activity is reinforcing investor interest. Buchanan Street Partners has tracked the market activity and launched a self-storage investment platform

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Real estate investment firm Inland Real Estate Group paid about $83 million for a residential community near Phoenix, which has set the pace for an increase in popularity across the country of single-family home rentals. Christopher Todd Communities, which specializes in the development of so-called

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PropertyShark recently released its annual ranking of the 100 most expensive zip codes in the U.S. by closed home sales and we’d like to share it with you. To determine the most expensive zip codes in the US, PropertyShark took into account all residential transactions closed between

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Last week, we discussed the complicated short-term versus medium-term scenario the U.S. economy is facing. With optimistic vaccine news, likely accelerating the timeline compared to prior expectations, the key now is simply getting to that point. The bull case for growth over the next 12 months is easy

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Scaled-back Thanksgiving Day plans this year, due to the COVID-19 pandemic, might be assuaged by a drop in the cost of a typical Thanksgiving dinner. According to the American Farm Bureau Federation (AFBF) 35th annual survey, the average cost of a Thanksgiving feast for 10 people totaled $46.90

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Retailers could end up having a strong finish to 2020, despite all of the challenges that the coronavirus pandemic has dealt the industry, according to a new forecast that cites a strong stock market, rising home values and record personal savings rates as factors that could boost spending. The National Retail

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President-elect Joe Biden’s selection of Janet Yellen as Treasury secretary signals that he plans to act aggressively to revive the world’s biggest economy, putting a former Federal Reserve chair who’s not shied away from stimulus at the helm of his economic policy. With Yellen in charge, Biden’s Treasury department

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In a holiday season unlike any other, this is not the year for Black Friday campouts. There’s practically no Thanksgiving Day in-store shopping as the nation’s largest retailers opted to move more doorbusters online to reduce crowds and spread out the season amid the coronavirus pandemic

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News that Joe Biden will nominate Janet Yellen to be Treasury Secretary landed gently on Wall Street. What’s moving markets Traders intensely familiar with the former Federal Reserve chair cheered the pick in anticipation of her working well with the central bank to help the economy bounce back from the pandemic

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Retailers expect a robust holiday shopping season this year, buoyed by a strong housing market, increased savings, and cheaper gas – though the uncertainties of the coronavirus could put a chill on buying. From the start of November through the end of the year, sales are forecast to grow between 3.6%

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Arizona’s economy is recovering at a much faster pace than predicted at the height of COVID-19. While there are potential setbacks on the horizon, the economic outlook ahead looks surprisingly bright, state and national economists and budget analysts said Thursday at the annual conference of the nonprofit

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A joint venture of PCCP and F&B Capital has acquired District at Chandler, a newly developed, 340-unit Class A multifamily asset located at 2222 West Frye Road in Chandler, AZ. The District at Chandler is a newly built, elevator served multifamily project that is located one-mile from the Loop 101 and 202 freeways

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Turnbull Capital Group is one player in an increasingly crowded field of capital jockeying for opportunity to take advantage of potential distress that may emerge in the commercial real estate market in the wake of the pandemic. Over the past nine months, the commercial real estate investment banking

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November 23, 2020

Christopher Todd Communities, one of the nation’s leading innovators in the Build To Rent housing segment, continues to evolve to feed the apparent insatiable appetite for single-family rentals after selling the largest Build To Rent property (by unit count) in the nation. The purchase of Christopher Todd Communities

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The Related Group, an international developer known for its sophisticated metropolitan ‘for-sale’ condominiums, rental and mixed-use projects, announced the groundbreaking of their first multi-family project in Arizona called The Manor Scottsdale. Located at 13220 N. Scottsdale Rd. in Scottsdale, Ariz., the

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In Phoenix, the nation’s fifth largest city, a unique hub for healthcare and bioscience industries is rising in a revitalized part of the community. Phoenix’s healthcare hub is becoming increasingly critical as a result of the pandemic, but a boom was already underway in midtown Phoenix, making healthcare and

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Homebuyers in metro Phoenix are having a tougher time than ever finding homes on the market at a time when inventory is among the lowest in the nation. With 0.9 months supply of inventory in October, Phoenix tied for third with Charlotte, North Carolina; Omaha, Nebraska; and Denver, according to

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Joe Biden’s victory has thrown a wrench into the Trump administration’s efforts to privatize Fannie Mae and Freddie Mac, but appointees in charge of the government-sponsored enterprises are likely to try to end the conservatorship before they exit. While the privatization effort pushed by

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November 20, 2020

Apartment demand in the third quarter approached a record-high in Phoenix, and rent growth is outstripping the national average. But early indicators suggest the strong performance may start to soften. Thousands of luxury apartments are underway, the state’s eviction moratorium has expired and rental

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 In Phoenix, the nation’s fifth largest city, a unique hub for healthcare and bioscience industries is rising in a revitalized part of the community. Phoenix’s healthcare hub is becoming increasingly critical as a result of the pandemic, but a boom was already underway in midtown Phoenix, making healthcare

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Developers Westcore and The Opus Group broke ground on three industrial buildings along Interstate 10 in Avondale, Arizona, one of several districts in greater Phoenix experiencing an industrial development boom. Westcore said the developers started the 720,000-square-foot, three-building industrial campus

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While the recent surge in Coronavirus cases is worrisome—and consumer behaviors and governmental policies happening in response to the nationwide increases could impact economic growth—they are unlikely to prompt a double dip recession, as some economists feared, stated Fannie Mae in a new report

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Real estate of a prominent auto dealership group serving the Los Angeles and Phoenix markets, including nine commercial buildings, has been sold for more than $178 million to one of the nation’s largest car retailers, which is seeking to accelerate consolidation in an industry hit hard by the coronavirus pandemic

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