Commercial Real Estate & Business News – August 30, 2016
PHX 4th-highest Rise in Rent, but 10K Apartments Are on the Way Rents are on the rise in metro Phoenix, particularly in infill hot spots in Phoenix, Scottsdale and Tempe. The Valley’s average apartment rent has climbed 22 of the past 23 months, according to national research firm Axiometrics…» Mixed Use Development in the Works […]
Commercial Real Estate & Business News – August 29, 2016
Multifamily Leads In Annual NOI Growth Fitch Ratings says all major property types tied to CMBS loans saw year-over-year increases; however, not all sectors experienced greater NOI gains in 2015 than in 2014…» Banks, Conduits Slow MF Lending Even as GSEs Step on the Gas Banks bowing to Federal regulatory pressures, even as fundamentals remain […]
Commercial Real Estate & Business News – August 26, 2016
LGE to Develop Upscale Chauncey Lane Marketplace on Scottsdale Rd LGE Corp. in Phoenix (Dave Sellers, pres.) has filed for Development Review Board approval in Scottsdale to develop a roughly 50,000-square-foot commercial project at the southeast corner of Scottsdale Road and Chauncey Lane in Scottsdale…» Tempe Biomed and Tech Campus Gets City Council Nod to […]
Commercial Real Estate & Business News – August 25, 2016
Drop in 10-year Treasury Gives Real Estate Pricing a Lift For the past year, signs having been pointing towards decelerating price appreciation. The Moody’s/RCA CPPI was relatively flat between August 2015 and April 2016, rising just 1.0 percent over that eight-month period. That halt in upward trajectory was not entirely unexpected given that the composite […]
Commercial Real Estate & Business News – August 24, 2016
Tempe Takes A Step Closer To Biomed Tech Campus The city of Tempe is moving forward with agreement negotiations for the development of the city’s first biomedical and technology campus on 18 acres of land west of the Tempe Center for the Arts. The property is located on Rio Salado Parkway, on a site that […]
Commercial Real Estate & Business News – August 23, 2016
Economy Watch: More Hints of an Upcoming Interest Rate Hike So far, recent fairly positive data about the U.S. economy seems to be on the side of higher rates. On Friday, the Conference Board released a little more of that (fairly) positive data: its Leading Economic Index increased 0.4 percent in July to 124.3 […]