Commercial Real Estate & Business News May 1, 2018
Pimco Continues Push Into Alternatives with Commercial Real Estate Debt Fund Pacific Investment Management Co. is raising money for a new, multibillion-dollar commercial real estate debt fund, the bond manager’s latest foray into more lucrative – and less liquid – markets, people familiar with the matter said. Pimco Commercial Real Estate Debt, or PCRED, will […]
Commercial Real Estate & Business News April 30, 2018
U.S. Industrial Vacancy Rate Hits Record Low in 2017 as Technology, Consumer Tastes Change IRVINE, CALIF. – Industrial vacancies hit an all-time low in 2017, as changes in technology and consumer habits drove demand for distribution and warehousing space, according to Ten-X Commercial’s U.S. Industrial Market Outlook. The biannual report indicated that the national vacancy […]
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 […]