Commercial Real Estate & Business News – February 23, 2017
REITs Expected to Keep Selling Properties to Fund Developments The nation’s publicly traded REITs are projecting to remain net sellers again this year with current disposition plans announced by 39 major REITs calling for the sale of more than $15 billion in properties. REITs said they plan to plow most of the proceeds from those […]
Commercial Real Estate & Business News – February 22, 2017
Arizona Economy Warming Up, Population Rising A new report sees Arizona shifting into higher gear this year, with the pace of economic growth nearly doubling and the state’s population passing 7 million. “Real GDP growth has ramped up as long-standing efforts to diversify the state’s economy are beginning to pay off in a big way, […]
Commercial Real Estate & Business News – February 17, 2017
MBA Predicts 2017 Will Bring Steady, Modest Economic Growth Mortgage professionals gathered for day two of the Mortgage Bankers Association’s National Mortgage Servicing Conference in Dallas, where the MBA outlined its economic outlook for 2017. The MBA stated that the economy will see steady, modest growth as the Federal Reserve begins to see some of […]
Commercial Real Estate & Business News – February 16, 2017
Economy Watch: Fed Chair Says Rates Will Go Up (Eventually) It would be “unwise” to delay interest rate increases too long, said Federal Reserve Chair Janet Yellen, speaking before the Committee on Banking, Housing, and Urban Affairs of the U.S. Senate on Tuesday. She didn’t say there’s going to be a move on rates next […]
Commercial Real Estate & Business News – February 15, 2017
Economy Watch: CRE Executives, Consumers Still Optimistic Industry executives are feeling positive about market conditions as they take a “wait-and-see” approach to new administration policies, according to The Real Estate Roundtable’s first-quarter 2017 economic sentiment survey…» A Look at Apartment Market Activity in the Year Ahead According to Green Street Advisors’ Commercial Property Price Index, […]
Commercial Real Estate & Business News – February 14, 2017
LivCor Bolsters Valley Apartment Holdings Pays $40.7 Million for 388 Units LivCor LLC, an affiliate of Blackstone Real Estate Advisors L.P. (NYSE:BX), has added to its multi-family holdings in the Valley by paying $40.7 million ($104,897 per unit) to acquire the 388-unit Sonora Canyon apartments at 265 N. Gilbert Road in Mesa. The seller was […]