Commercial Real Estate & Business News – May 31, 2016
Banner Construction Projects Total $2 Billion This Year There are fewer projects this year than last year, but this year’s projects are bigger, which is why the state’s largest private employer is spending more money. Two of Banner’s biggest projects are on its main hospital campuses in Phoenix and Tucson. Yesterday, Banner broke ground on […]
Commercial Real Estate & Business News – May 27, 2016
CMBS Could Be Catching A Break Following a lackluster first-quarter for issuance and assorted headwinds that have led analysts to scale back their full-year predictions considerably, some rays of sunshine have begun to peak through the clouds surrounding the CMBS market. As GlobeSt.com reported Monday, the House of Representatives has passed a bill that could […]
Commercial Real Estate & Business News – May 26, 2016
RECon Special Report: Bernanke, Top REIT CEOs Share Insights Mixed reviews for a “no respect” recovery but no recession in sight, says the former Fed leader.. The economy was on the mind of thousands of real estate professionals at RECon this week, and a former Federal Reserve chairman took the occasion to downplay worries about […]
Commercial Real Estate & Business News – May 20, 2016
Multiple CPPI Indexes Show Property Pricing Has Leveled Off The commercial real estate industry has known for some time that asset prices may have reached a ceiling for this cycle, but now data from multiple research firms confirms this. Moody’s and Real Capital Analytics report that their joint Commercial Property Price Index (CPPI) increased by […]
Commercial Real Estate & Business News – May 19, 2016
Apartment Construction Hits ‘Peak Year’ as Rents, Occupancies Edge Higher Multifamily developers continue to churn out record levels of new supply ahead of what is expected to be a ‘peak year’ for apartment construction in 2016. The number of new apartments under construction is at its highest level since the 1980s, and double the annual […]
Commercial Real Estate & Business News – May 18, 2016
Rising Rents Spurring More Metro Phoenix Homebuyers More Millennials and boomerang buyers bouncing back after foreclosure are purchasing metro Phoenix homes than ever. But it’s not just because they want a place of their own. Rents for homes, condominiums and apartments climbed sharply in many Valley neighborhoods during the past few years and are still […]