Commercial Real Estate & Business News April 27, 2018
How the Experience Economy is Affecting Commercial Real Estate The commercial real estate market is extremely competitive and enticing major brands to select one development over another requires more than just “location, location, location.” With everything getting “smarter,” from devices to cities, the expectation for brands is that real estate property will keep pace with […]
Commercial Real Estate & Business News April 26, 2018
CMBS Lenders Are Hungry for Deals Issuance is marching ahead at a steady pace, but lenders are adapting to a market where business from maturities is declining. Despite the surge in CMBS issuance in the first quarter, lenders are continuing to scramble to find deals in a market where the pie is shrinking along with […]
Commercial Real Estate & Business News April 25, 2018
Chandler and Tempe are Most Active Phoenix Submarkets for Office Construction Tempe and Chandler have consistently been the busiest submarkets for office construction over the past several years. Financial and tech companies are driving demand for modern office space as they position themselves near a young and growing workforce. About 1.1 million square feet of […]
Commercial Real Estate & Business News April 24, 2018
Iconic Arizona Biltmore Resort in Phoenix Sold for $403 Million The Arizona Biltmore, the historic Phoenix resort that had hosted every U.S. president since Herbert Hoover until Barack Obama broke the streak, has been sold for $403.4 million. The 740-room resort near 24th Street and Missouri Avenue was sold to New York-based Blackstone Real Estate […]
Commercial Real Estate & Business News April 23, 2018
Main Insights from ULI’s Semi-Annual CRE Forecast ULI’s survey respondents predict that this year U.S. GDP growth will reach 2.8 percent, up from the 2.3 percent growth seen last year. Real estate economists and analysts see strength in the U.S. economy over the next few years, which should translate into strong-albeit moderating-results for the commercial […]
Commercial Real Estate & Business News April 20, 2018
Largest Banks Casting Wary Eye on Heated Commercial Real Estate Lending Market Despite record liquidity, demand for commercial real estate loans softened in recent months, leaving eager lenders chasing fewer borrowers. As a result, competition among lenders has ratcheted up noticeably with loan prices compressing. n fact, deal pricing and structures have gotten so competitive, […]