West

MARKET SNAPSHOT: Phoenix Jobs Market Bounces Back after Long Post-Recession Lull

After lagging behind the rest of the country in post-recession jobs recovery, the Valley of the Sun has seen considerable gains over the last few quarters.

CBRE Appoints Brian McAuliffe to Lead Firm’s Multi-Housing Investment Sales Practice

CBRE Group Inc. announced the appointment of Brian McAuliffe as senior managing director of CBRE’s Multi-Housing Group.

Tricorp Hearn Celebrates Completion and Grand Opening of Foothill Farms Senior Apartments

Tricorp Hearn Construction recently celebrated the completion of Foothill Farms Senior Apartments, a $26 million, 138-unit affordable housing facility.

TODAY’S DEALS: Norris, Beggs Arranges a $26.5M Acquisition Mortgage

Norris, Beggs arranges a $26.5 million acquisition mortgage; and Boston Capital invests in the rehabilitation of two multifamily apartment communities for seniors in Virginia.

MARKET SNAPSHOT: Tech Industry Shores up San Francisco’s Prime Market Status

The San Francisco Bay Area remains one of the hottest multifamily markets in the country, with employment in the technology sector serving as a boon for the city’s overall economic climate.

MARKET SNAPSHOT: Rents in Downtown Seattle Skyrocket as Vacancy Hits Multi-Year Low

Vacancy in the Seattle metro area hit 4.1 percent in the second quarter of 2012, the lowest rate in over a decade.

MARKET SNAPSHOT: Renting Remains Popular in the East Bay, With Job Growth Fueling Record-Low Vacancies

With employment growth finally taking off in the East Bay, demand for apartments is expected to pace ever-higher this year, as rents skyrocket across the already popular rental market.

MARKET SNAPSHOT: New Deliveries in Tucson Skyrocket to Highest Levels Since 2006; Rents Flatline

With local employment on the rise and median home prices well below the national average, multifamily in Tucson is seeing considerable renewal.

MARKET SNAPSHOT: Strong Employment Boosts Demand in Denver, Sending Construction to Nine-Year High

The Denver metro area continues to outpace the rest of the nation in job growth, with employment rising 2.3 percent in the first half of 2012 alone.

MARKET SNAPSHOT: Salt Lake City Outpaces Nation in Employment, Occupancy

Salt Lake City sported one of the lowest metropolitan unemployment rates in the nation at the beginning of 2012–at 6.5 percent, down from 6.9 percent in 2011.