Commercial Real Estate & Business News February 28, 2019
Banks Are Gearing Up for Another Strong Year in CRE LendingThe Mortgage Bankers Association (MBA) recently reported another stellar year for commercial/multifamily mortgage originations in 2018. Although the MBA will release final data next month, results from its fourth quarter mortgage originations survey point to volume that could be 3 percent higher than the record […]
Commercial Real Estate & Business News February 27, 2019
Arizona’s Economy, Growth, Jobs Expected to Outpace U.S. AveragesWith continued low unemployment rates, sustained population growth and surges in key industries, Arizona’s economy continues its positive trajectory. These were the findings presented last week by prominent economist Dr. Christopher Thornberg of Beacon Economics at the Alliance Bank of Arizona 2019 Economic Forum. Steady growth was…» […]
Commercial Real Estate & Business News February 26, 2019
Arizona’s Economy: More Signs the Expansion Remains on a Roll (and May be Getting Better)Arizona’s economy isn’t just rolling along but might actually be picking up steam, according to a couple of new assessments last week. The Arizona Office of Economic Opportunity projected the state will add nearly 166,000 jobs over a two-year period, and […]
Commercial Real Estate & Business News February 25, 2019
This Valley City is Poised to Become the Next Economic Hot SpotWith a regional airport, ample freeway frontage, and large swaths of available land, Goodyear has quietly developed into the Phoenix region’s next economic hot spot. The southwest Valley city has a high median income and an educated workforce eager to stay closer to home […]
Commercial Real Estate & Business News February 22, 2019
Tech Company Moving its HQ to a Different Valley CityAfter 18 years in Tempe, Limelight Networks Inc. is moving its headquarters to Scottsdale this summer. The Tempe-based public technology company is moving its 230 local employees to the SkySong office project in August, said Sandra Brisentine, Limelight’s vice president of human resources. Limelight will occupy […]
Commercial Real Estate & Business News February 20, 2019
Commercial Real Estate Loan Growth PlateausInvestors and lenders dove into apartment and industrial mortgages in the final three months of last year while retail and office property lending slowed, setting a pattern industry executives expect to extend into 2019. Total commercial and apartment mortgage origination for 2018 rose 3 percent, after a 14 percent surge […]