Investors raise caution flag for Phoenix apartment sector amid some softness

While positive economic indicators have attracted the attention of investor interest in the Arizona apartment market, they’re proceeding with caution.That’s because new supply is creating a softness in some submarkets, said Adam Finkel, co-founder and managing partner of Scottsdale-based Tower Capital.Year-over-year multifamily rents are down 1.6% through the second quarter in metro Phoenix, said Peter…

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Home Depot rival to shut all 442 stores across 47 states after going bankrupt – but will have huge clearance sale first

LL Flooring – previously known as Lumber Liquidators – is shutting all its stores after going out of business after three decades.The retailer, one of America’s biggest flooring suppliers, was looking for a buyer after filing for bankruptcy.Earlier in the summer it had 442 stores, but shut nearly 100 as it looked to cut costs…

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