Economy

Nelson Partners acquired Skyloft, a class-A student housing property for $100 million; a property located one block from the University of Texas and already 77% preleased for the 2019-2020 academic year.

The organization 17-Forward-86 staged a press conference today at the State Legislative Office Building in Albany where it unveiled its initiative to convince state lawmakers to fund a third lane each way on Route 17 from the Exit 131 Harriman interchange to Exit 103 in Monticello.

The cap rate spread between Phoenix and California multifamily is 75 to 100 basis points, and it is driving investment capital south.

While rising interest rates and peak pricing have slowed home sales, tech industry growth continues to drive strong demand for for-sale product.

Rising housing prices and rental rates have created housing affordability concerns in Phoenix, and the expectation of rising rents in 2019 will put more pressure on the growing problem.

Of the 100 top industrial warehouse leases in the country, 20 were signed in the Inland Empire, totaling 18.9 million square feet.