Commercial Real Estate & Business News January 23, 2020
Housing Market in 2020: Here’s What to Expect in Arizona Even a rise in interest rates cannot slow Arizona’s red-hot housing market. “The modest uptick in mortgage rates over the last several months reflects declining recession fears and a more sanguine outlook for the global economy,” says Sam Khater, chief economist for Freddie Mac. “Due to […]
Commercial Real Estate & Business News January 22, 2020
Apartment Outlook 2020: Riding the Zenith Carl Dranoff is like the M. Night Shyamalan of multifamily real estate development. Rooted in Philadelphia since receiving his MBA from Harvard in 1972, Dranoff has succeeded through multiple economic cycles by adopting a maverick mentality and a cut-no-corners approach to developing high-end, placemaking properties across…» Arizona Developer Is Cracking […]
Commercial Real Estate & Business News January 21, 2020
Five Major Points in MSCI’S 2020 Emerging Trends in Real Estate Report MSCI, an American finance company, released its 2020 Emerging Real Estate Trends report today. The main themes of the report revolve around the improvement of data in the real estate investment space, and how this is playing a more vital role in investment decision-making. […]
Commercial Real Estate & Business News January 16, 2020
CMBS Delinquencies to Stay Low in 2020-With One Exception All signs point to CMBS delinquencies staying at their current low level in the year ahead. The 30+ day delinquency metric had reached a new post-crisis low in December, at 1.45 percent, according to Fitch Ratings-below the last cycle low reached in February 2009. The rate was […]
Commercial Real Estate & Business News January 15, 2020
Trader Joe’s No Longer the Top-ranked US Grocer; Sprouts Slips in Latest Study A new ranking of the top grocery stores in the U.S. shows how competitive the supermarket business has become and how chains that constantly innovate are able to win over consumers. National data science firm Dunnhumby released its rankings of the top supermarkets […]
Commercial Real Estate & Business News January 14, 2020
Joint Venture Pays $60 Million for Tempe Mixed-Use Center A joint venture of Wexford Developments and Argosy Real Estate Partners bought the Centerpoint on Mill, a mixed-use center in downtown Tempe, Arizona, for $60 million. An AMC move theater anchors Centerpoint on Mill, which has five buildings totaling 139,000 square feet at 740 S. Mill Ave. […]