Commercial Real Estate & Business News – January 17, 2017
Economy Watch: Consumers Start Off 2017 with Confidence U.S. consumers continue to be more optimistic than they’ve been in years, according to the latest reading of the University of Michigan’s Consumer Sentiment Index, which was released just ahead of the Martin Luther King Jr. Day holiday. The index for mid-January came in at 98.1, down […]
Commercial Real Estate & Business News – January 16, 2017
Phoenix Real Estate Giant Vereit Inc. Returning to Normal Phoenix-based Vereit Inc. recently turned a corner on its road to recovery, posting a rare if modest quarterly profit. But that achievement, symbolic as it might be, wasn’t something Glenn Rufrano highlighted in a recent meeting. Rather, the relatively new chief executive officer of Arizona’s most […]
Commercial Real Estate & Business News – January 13, 2017
Home Foreclosures Reach 10-Year Low Foreclosure filings reached their lowest level in 10 years in 2016, ATTOM Data Solutions said Thursday. The year just past also saw the lowest annual foreclosure rate nationwide since 2006. There were foreclosure filings on 933,045 US properties last year, down 14% from the year prior.…» Blackstone, Other PE Firms […]
Commercial Real Estate & Business News – January 12, 2017
The End of the Low Interest Rate Environment? Fed officials raised the target for short-term interest rates by 0.25 percentage points on December 14. The Fed’s most recent forecast projects U.S. economic growth in 2017 to be 2.1 percent, slightly better than the Fed’s previous projection in September. Trump’s expansionistic policy rhetoric-pledging significant spending on […]
Commercial Real Estate & Business News – January 11, 2017
Apartment Building Owners Face Higher Rates on Loans It has suddenly gotten a lot more difficult to borrow money for an apartment property. “The overall cost of borrowing has gone up undoubtedly, but the interest rates spreads offered by lenders are very similar to the spreads they offered last year.”…» Real Estate Deals Hit Highest […]
Commercial Real Estate & Business News – January 10, 2017
Apple Plans to Make Servers in Mesa Data Center Apple Inc. plans to assemble servers in the tech company’s large Mesa data center, according to documents made public Monday in the Federal Register. The city of Mesa applied for foreign trade zone status for the facility at Elliot and Signal Butte roads so Apple could […]