Apartment rents are climbing. Investors are paying higher prices for office buildings and warehouses leased by prominent companies located in employment corridors. Retailers are expanding again. Metro Phoenix’s commercial real-estate market is on the mend, but, like the economy, still has hasn’t recovered from the crippling recession, according to a new survey from Arizona State University that tracked the opinions of several top brokers in the region.
For full article see: http://www.azcentral.com/business/realestate/articles/20130926asu-polls-real-estate-brokers-metro-area.html
Oak tree Capital Group and its partner Carrington Mortgage Services, both based in California, may be the latest institutional investors to cash out of the rental home business. Unnamed sources told Reuters that the duo is considering putting its portfolio of 500 fully-leased homes nationwide up for sale for an unknown price. The article said the move is part of the pair’s effort to walk away from the business of buying cheap homes and renting them out, a business in which they’ve seen returns compressing.
