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NEWPORT BEACH, CA—Coming from Colliers International, the team of Quinn, Mahony, Manarino and Tran-Nguyen will join the existing SRS team to expand opportunities.
CINCINNATI—Cincinnati has now had positive absorption every quarter since the start of 2012, and by the end of this year, the market may have had its best year for new construction in 15 years.
Property fundamentals continue to improve across Greater Phoenix, supporting increased appetite for investment across the food groups. Southern California capital frequently finds its way to the market, but what other out-of-state investors are interested in Phoenix assets? Which property types and submarkets pique investor interest? Most importantly, where will capital find opportunity and desirable cap rates in 2016? Join dealmakers, investors and capital providers as they discuss what's hot and what's next in investment transactions.
Greater Phoenix is enjoying year-over-year growth and expansion with continual job recovery, corporate relocation and expansion, and population growth. Though the region's recovery has been muted since the recession, forecasts call for the current momentum to continue through 2017, exceeding national levels. Local leadership convenes to discuss trends in the current marketplace, their insights on the current tempo of growth, and takeaways for sustaining success.
In 2015, over 8,000 new units have come online in Greater Phoenix. This represents an increase of over two percent to metrowide inventory. Builders are focusing much of their attention on luxury opportunities in eastern portions of the metro. Despite these deliveries, robust demand has raised rents nearly seven percent just this year. No wonder investors, from SoCal and beyond, are so interested in Phoenix multifamily. Join top multifamily developers, brokers and other leaders as they analyze the state of this beloved property type.