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Penske has opened a new truck rental, leasing and maintenance facility in Phoenix. PRNewsFoto/Penske Truck Leasing). Penske Truck Leasing held a grand opening event in Phoenix to introduce a new state-of-the-art facility. ” The post Penske Opens New Facility In Phoenix appeared first on Business Facilities.
More builders and investors are testing the waters of the single-family build-to-rent sector as consumers seek affordable housing options and to lease rather than buy. announced it was selling five of its communities in Phoenix, a total of 943 homes, to an affiliate of The Inland Real Estate Group of Companies , in Oak Brook, Ill.
John Burns Real Estate Consulting’s Single-Family Rent Index tracks 63 markets and found lease effective rates up 6% year-over-year in July, with the historical average being 3%. Rental demand is intense in Phoenix, Ariz., Riverside-San Bernardino, Calif., and Atlanta with growths up 13%, 12%, and 11%, respectively.
As sellers take the upper hand in a competitive housing market, landlords are also set to end the year on a high note thanks to a steady increase in new lease effective rents during the final months of 2021. Record-high 18% same-home new lease rent growth. In aggregate the SFR REITs reported in 3Q21: 98% same-home occupancy.
The cost of leasing an apartment will rise nearly everywhere across the U.S., leading to rent increases in Sun Belt cities like Phoenix, Las Vegas, and Tampa. Rental Markets Brace for Soaring Prices in 2022. Wed, 01/26/2022 - 10:17. but these 10 markets are expected to see the biggest changes.
A new report released by John Burns Real Estate Consulting earlier this month revealed that having a mortgage costs, on average, $839 more per month than having a lease, making renting the more affordable option for most Americans. and Phoenix. Renting is becoming more affordable than buying a home in most metros across the U.S.,
Boasting a population of nearly 500,000, Mesa is the 36th largest city in the United States and second largest in the Phoenix-Mesa metro area. After leasing the U.S. AZLabs is located adjacent to the Phoenix-Mesa Gateway Airport making it a strategic location for unmanned and autonomous vehicle research and operations.
The global design, engineering and manufacturing company announced its plan to relocate to Arizona from Angleton, TX in April of this year and expects to add approximately 500 new jobs to the greater Phoenix area over the next five years. ” Benchmark’s 23 locations span eight countries across the globe.
Property Markets Group | X Phoenix. X-Phoenix pushes the boundaries of what wellness means—spaces that address both the body and the mind. Property Markets Group | X Phoenix. Through offering various events that appeal to many tastes and skill levels, these wellness rooms also build community—fostering well-being for residents.
After a competitive process, Oscar selected Tempe for its newest location after working with economic development representatives from the Greater Phoenix region, including the Greater Phoenix Economic Council , the city of Tempe and Arizona Commerce Authority. “Oscar’s lease brings that vision full circle.
Louis, Dallas and Phoenix, and my role is to manage major capital improvement and maintenance projects for any of those communities. Our portfolio spans 6,000 market-rate rental units across 20 properties in Chicago, St. What has been your greatest career accomplishment so far?
This provided ample room for headquarters functions as well as surplus office space for leasing and expansion. The plan incorporated nature with optimal vistas of nearby Phoenix mountains, Papago and Camelback, as well as the more distant views of the San Tan peaks.
Entered By: Greater Phoenix Economic Council. The winner of our top award emerged from a collaborative effort between Greater Phoenix Economic Council (GPEC), the Arizona Commerce Authority (ACA), DMB Associates, Salt River Project (SRP), Maricopa County and the City of Mesa. (Photo: solarsystems-usa.net). manufacturing.”
The project entails building 150,000 sq ft of office, laboratory, warehouse and manufacturing space, which it has leased to Advanced BioHealing Inc., Route 60 within the cities of Phoenix and Glendale. Phoenix, 85007. California BioMed Realty Trust is planning to build a regenerative medicine campus in San Diego. Fourth Ave.,
which signed a major lease in June 2011 in Southwest Austin to establish a new R&D center. A bulk of the semiconductor activity takes place in Chandler, the southernmost city in metropolitan Phoenix and fourth largest city in Arizona, and Tucson, located about one hour southeast of Chandler. Arizona, which ranks as the No.
The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Small Producer Credit (AS 43.55.024(c)): Credit of up to $12 million per year for taxpayers incurring eligible oil and gas lease expenditures in North Slope operations.
The P3 project is a 50-year agreement between the Maryland Port Administration (MPA) and Ports America Chesapeake to lease and operate the 200-acre Seagirt Marine Terminal. Under the agreement, Ports America Chesapeake has daily operational control of Seagirt, but the state continues to own the facility. ThermoCalc, TIMET, Trumpf, Inc.,
Due to favorable lease agreements, affordable labor and a pro-business environment, these manufacturers have seen 16 percent job growth in the last 12 months. Ak-Chin’s low utility costs, unique tax savings and below market lease rates add to its attraction. AK-CHIN’S AGRI-BUSINESS GROWS IN NATIVE AMERICAN COMMUNITY. million.
The company’s lease of the Hackensack building expired on June 30th, 2017. Peoria has an abundant, educated workforce within a 30-minute drive from most major employment centers in the Phoenix metropolitan area. The firm has laboratory, production and warehouse operations in Hackensack and Teterboro. The firm will spend $6.7
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