Weekend Reading: CRE Industry
Written by Brent Carnduff | July 26, 2019
In our effort to stay current on the opportunities, challenges, and trends in the real estate space, we follow or subscribe to almost 100 publications that cover economics, local markets, real estate, and political news. Our goal with this weekly blog post is to share the best of those articles with the commercial real estate industry.
This week:
- Phoenix office market going strong
- An option for out-of-date malls
- WeWork's valuation
- Big investors still bullish on Industrials
- Multifamily Rents increase
Phoenix Office Market Heats Up as City Leads U.S. in Job Growth on AZ Big Media
"The 12-month period ending in May indicated employers added 66,500 net new jobs, which means the area’s 3.2 percent increase was the strongest in the country and nearly double the national average."
America's First Mall is About to be Redeveloped into Offices, Homes, and an NHL Training Center by Irene Jiang on Business Insider
"But now, after years of struggling to reinvent the mall, developers have decided to transform the property and the land surrounding it into a mixed-use commercial and residential complex and NHL training center."
What to Think About WeWork's Valuation? by Sebastian Obando on National Real Estate Investor
“Neumann is hardly Mark Zuckerberg or Elon Musk, who, despite their own larger-than-life personas, do at least have unique, disruptive technologies. Strip away the barn-wood interiors, bean bags, and espresso bars, and Neumann’s empire looks a lot like…a lot of other real estate companies.”
Big Investors, Including Prologis and Blackstone, Show They Remain Bullish on the Industrial Sector by Patricia Kirk on National Real Estate Investor
"While the portfolio acquisitions are based on long-term strategies, the buyers also anticipate continued growth in rents."
Multifamily Rent Growth Gets Serious by Erika Morphy on Globe St.
"Following several months this year of slow rent growth, rents rose robustly in the second quarter by $12 to reach $1,465"
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