Multifamily Report Shows Sector’s Uncertainty
Source: ABI Multifamily ABI Multifamily has published its Q1 2020 Phoenix Multifamily Quarterly Report. And while the start of 2020 was strong, with rent growth, healthy occupancy rates, lower cost of living, and high renter demand all pointing to another extraordinary year, the future has yet to tell how the multifamily industry will be impacted by the COVID-19 global pandemic. With […]
2020 CRE Outlook: How Phoenix Shapes Up
By Steve Burks for AZ Big Media Consistency may be boring, but when it comes to the commercial real estate outlook and the Greater Phoenix commercial real estate industry, no change is good for business. The United States is in what most economic experts feel are the latter stages of a growth cycle that is […]
Busy Times. Where to Start?
By Roland Murphy for ABI Multifamily As a reporter and an analyst, you are always on the lookout for things like riots, fires and mudslides because they’re riveting to report and write about. As someone who actually cares about the areas you cover, you want things to be slow, incremental and even placid. Q3 gave […]
ALTA Warehouse Planned for Phoenix Warehouse
Source: ABI Multifamily ABI Multifamily has announced the $6.08M closing of land for the future home of ALTA Warehouse, a planned multifamily development in Phoenix. Located at 600 West Lincoln Street, the 7.33-acre site in a designated Opportunity Zone is one of the largest still vacant spaces in the highly revitalized Warehouse District of Downtown […]
Is Grand Canal Redevelopment Building Steam?
By Roland Murphy for Arizona Builder’s Exchange Recent commercial real estate movements in the area of 12th Street and The Grand Canal have tongues wagging and rumors flying about the future of development near the Grand Canalscape redevelopment zone. NAI Horizon announced earlier this week it negotiated the $7M sale of “the largest multifamily-zoned land […]
Decade of Renter Continues Market Stability
By Roland Murphy for Arizona Builder’s Exchange The “Decade of the Renter,” as the current state of housing has been called by ABI Multifamily Research Director Thomas Brophy, continues unabated. In the company’s Q1 2018 market analysis for the Phoenix MSA, he writes, “We are living through a tectonic demographic shift pushing us further and […]
Ariz.’s 1st Crowdfunded RE Company Launches
By Roland Murphy for Arizona Builder’s Exchange Sometimes you come across a story that’s really something groundbreaking, interesting and that has the potential to be a game changer in important areas you cover. Most long-time reporters will tell you there are two great sources of frustration in doing their job. The first is trying to […]
Why Incentivize When There’s Nothing to Buy?
By Roland Murphy for Arizona Builder’s Exchange While I tend to lean slightly toward optimism, no one has ever accused me of a rose-colored worldview. Some of the reports that have crossed my desk recently have reinforced my, “That’s good news, but…” default outlook. Nearly everyone, including Millennials, is tired of stories focused on Millennials. […]