Commercial Real Estate & Business News – February 18, 2016
Life Companies Anticipate Another Strong Lending Year for CRE Although life companies are known for playing it safe when it comes to lending on commercial real estate, that narrow box hasn’t stopped them from doing big business in the space lately. Many life companies reported robust lending volumes in 2015 and the expectation for the […]
Commercial Real Estate & Business News – February 17, 2016
Apartment Rents Expected to Keep Rising in 2016 Multifamily rents are likely to keep rising in 2016—just not as fast as before, according to forecasts for the coming year. “Rising vacancy rates will take the wind out of landlords’ sails and remove some of their ability to keep pushing rent growth at such a febrile […]
Commercial Real Estate & Business News – February 16, 2016
Lenders See Another Strong Year for Multifamily in 2016 Moderate economic growth and ongoing demographic drivers will keep the multifamily market moving forward in 2016, according to Freddie Mac’s Multifamily Outlook released this week. Many market observers were taken by surprise in 2015 when demand for multifamily rental housing saw much higher than expected demand, […]
Commercial Real Estate & Business News – February 15, 2016
Happy President’s Day! Building Boom Towns: The Metro Areas With The Most New Construction In 2015 construction spending for ongoing projects across the nation hit its highest annual level since 2008. Construction began on projects worth a total value of $469.5 billion, a 4% increase over 2014, according to Dodge Data. Last year’s growth came […]
Commercial Real Estate & Business News – February 12, 2016
$3.5 Billion Manufacturer Relocating Headquarters to Phoenix Carlisle Companies Inc., a $3.5 billion global diversified manufacturer, will relocate its Corporate Headquarters to Phoenix beginning in the second quarter of this year. Founded in 1917, Carlisle’s current Corporate Office is in Charlotte, North Carolina. Carlisle manufactures a broad range of products including commercial roofing, interconnected products, […]
Commercial Real Estate & Business News – February 11, 2016
High-Rise Towers Coming to Scottsdale Fashion Square Already one of the nation’s largest and most-profitable shopping malls, Scottsdale Fashion Square could evolve into an urban center with high-rise apartments, offices and hotels, according to plans recently announced by mall owner Macerich. The Santa Monica, Calif.-based company, which owns 13 shopping centers in Arizona and dozens […]