Commercial Real Estate & Business News – July 20, 2016
It’s Not a Housing Bubble, It’s Just Expensive Home prices have hit record highs in some major U.S. metropolitan areas, and house-flippers are behaving like it’s 2005: It’s no wonder people are chattering about another housing bubble. But residential real estate isn’t in a speculative bubble, industry observers contend. Instead, a low inventory of available […]
Commercial Real Estate & Business News – July 19, 2016
Metrocenter Walmart Supercenter Gets Underway This Week Walmart will break ground on its Metrocenter Supercenter this week. The long-awaited, 148,000-square-foot Walmart is going up on the south side of the mall where the long-vacant Broadway department store was once located. Dirt will start moving Wednesday.…» Home2, Hilton All-Suites Hotel, Is Its First In Arizona Now […]
Commercial Real Estate & Business News – July 18, 2016
REITs on Roll, But How Long Will it last? Almost everything seems to be going right for REITs these days, which is a little worrisome. Real-estate investment trusts have benefited from the recovery of commercial properties. REIT shares generally trade in the stock market, so they have rebounded nicely as stock prices have hit record […]
Commercial Real Estate & Business News – July 15, 2016
Don’t Count Banks Out of Filling CRE Debt Void Just Yet With CMBS issuance down by half over the first half of this year, banks have largely stepped in to meet the strong demand for CRE debt financing. However, analysts are beginning to raise questions on the impact regulatory and pricing issues may have on […]
Commercial Real Estate & Business News – July 14, 2016
Why US Real Estate Investors Could Benefit From Brexit The chill Brexit is sending through Britain’s real estate market could end up warming the hearts of investors in US commercial property. That, in a nutshell, is the view of Michael Hudgins, global strategist at EII Capital Management, an asset manager specializing in real estate. …» […]
Commercial Real Estate & Business News – July 13, 2016
630k SF Medical Facility on Track for Completion Construction on the 630,000-square-foot Medline medical facility distribution center in Phoenix is set for its scheduled completion in September 2006, according to Milt Elmer, vice president of McShane Construction Company’s Southwest Region, the contractor for the project. The new facility will allow Medline to consolidate its existing […]