Globest Sectors

With several California tech companies moving to Phoenix, apartment developers are finding new opportunity in the state.

While all construction projects involve risk, building a high-rise comes with a specific set of challenges.

Investors that are interested in these apartments are finding severe shortages of product.

In December, the retail CMBS delinquency rate stood at 12.78% and hotels had a 19.87% delinquency rate.

One report shows a slight recovery, while another paints a more dire picture.

The joint venture between Canada's Public Sector Pension Investment Board and Pretium is the latest string of deals investing in this sector.

The oversubscribed fund is the latest in a string of investments into the industrial asset class.

It is hard to make accurate predictions with such policy unknowns such as the nationwide moratorium on evictions.