Multifamily

A proposed change in the law's disparate impact rule is stirring debate on its potential impact on housing discrimination claims.

A private buyer from California acquired a 152-unit apartment building in Glendale, a suburb of Phoenix.

"Over the last decade, the environmental remediation industry has learned a lot about what SRRA covers and where it fell short," Richardson said. "This update to the legislation dots the i's and crosses the t's, directly pulled from our lived experience with the requirements."

Multifamily cap rates and returns in Phoenix remained at historical lows of 5.2% in the first half of the year.

MBK Rental's opening of its Mitchell Place development in Murrieta is only the most recent indicator of the developer's optimism on the Inland Empire.

The stage is now set for Hunter Storm to fulfill its vision of a transit village next to the San Jose International Airport with groundbreaking planned for fall 2019 and completion slated for 2021.