Commercial Real Estate & Business News – August 8, 2017
CRE Lending up in 2Q, CMBS Gains Traction CRE lending edged higher between the first quarter of 2017 and the second, and is up 27 percent year-over-year, according to the most recent CBRE Lending Momentum Index, which tracks the velocity of commercial loan closings nationwide. Volume increased in all major lending groups, with capital readily […]
Commercial Real Estate & Business News – August 7, 2017
Phoenix’s Industrial Vacancy Decreases to 9.2% The Phoenix Industrial market ended the second quarter 2017 with a vacancy rate of 9.2%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 1,117,870 square feet in the second quarter. That compares to positive 3,097,359 square feet in the first quarter 2017. Vacant […]
Commercial Real Estate & Business News – August 4, 2017
Why High-Net-Worth Investors Seek Increased Real Estate Allocations Commercial real estate has been used effectively in ultra-high-net-worth (HNW) and family office portfolios as a means to enhance yield in a return-starved market. This enhanced yield has not been lost on the greater institutional marketplace, however, where sovereign wealth funds, domestic pension funds and life insurance […]
Commercial Real Estate & Business News – August 3, 2017
Amazon’s Whole Foods Purchase May Mean More Brick-and-Mortar Retail Options Amazon’s recent acquisition of Whole Foods has prompted a new outlook on the classic brick and mortar structure. Online stores are now more actively seeking to gain presence in brick and mortar stores just as brick and mortar stores are seeking to have a bigger […]
Commercial Real Estate & Business News – August 2, 2017
CMBS Late-Pays Retreat In July NEW YORK CITY-Well, that didn’t take long. July’s plunge in the CMBS delinquency rate erased nearly all of the steep 28-basis point climb that late-pays experienced in June, Trepp LLC reported Tuesday. That being said, delinquencies have been trending upward on both a year-over-year and year-to-date basis. June’s increase to 5.75% […]
Commercial Real Estate & Business News – August 1, 2017
$50M Development Coming to Gilbert A joint venture between BB Living Residential and real estate developer Mike Zerbib has bought 20 acres of land in Gilbert for a 216-unit homes-for-rent development. BB Living and Zerbib bought the land for approximately $4.7 million from Colony. The buyers are both based in Scottsdale. Bret Rinehart, Ben Heglie […]