Commercial Real Estate & Business News – February 3, 2016
Phoenix Looks to Land $24M, 1,000-Job Farmers Insurance Regional Office Expansion The city of Phoenix is on the verge of landing 1,000 new jobs and a $23.7 million expansion of Farmers Insurance Exchange in North Phoenix. The city of will invest $500,000 in workforce training funds. Phoenix was selected after a multi-state site selection competition. […]
Commercial Real Estate & Business News – February 2, 2016
Standard Portfolios Re-Enters Market…Pays $64.5 Million For Chandler Apartments After selling its portfolio of 2,759 apartment units in seven Valley properties in 2014, Standard Portfolios LLC in Arcadia, Calif. (David Liu, principal) has re-entered the Valley real estate investment market with the purchase of a multi-family community located near Intel Corp. in Chandler. A company […]
Commercial Real Estate & Business News – February 1, 2016
Growth Rates Converging Across Sectors Commercial property valuations have appreciated at the slowest pace in two years, according to Ten-X. In its latest Ten-X Commercial Real Estate Nowcast, the online real estate marketplace and GlobeSt.com Thought Leader says valuations across the five major commercial real estate sectors increased 19 basis points in January from the […]
Commercial Real Estate & Business News – January 29, 2016
One of CRE Market’s Strongest Years In History Ends On A High Note For almost everyone involved in commercial real estate, 2015 was a very good year. The impressive recovery in commercial property values is apparent in the year-end release of the CoStar Commercial Repeat-Sale Indices (CCRSI), which delineate the broad price gains across property […]
Commercial Real Estate & Business News – January 28, 2016
Bankers Prepare to Adjust CRE Lending Following Federal Regulators’ Warnings About Relaxed Underwriting U.S. bankers haven’t taken their foot off the gas yet but they are watching their CRE loan portfolios carefully following a recent warning from the FDIC and say they are prepared to hit the brakes and slow down their commercial real estate […]
Commercial Real Estate & Business News – January 27, 2016
Fannie Mae, Freddie Mac Gear Up for Another Year of Heavy Lending Fannie Mae and Freddie Mac expect to break more records this year in their lending on multifamily properties. That means both agencies will have to keep up the tremendously busy pace they set in 2015. “I think our activity is going to be […]