Commercial Real Estate & Business News – December 30, 2015
Holiday Surprise for Retailers: Sales Look Better than Expected Did a last-minute rush make for stronger holiday sales than many — including the National Retail Federation — had expected? That’s the way it looks based on the MasterCard Spending Pulse report, which found that sales (excluding auto and gas) increased 7.9% during the holiday season, […]
Commercial Real Estate & Business News – December 29, 2015
LBA Realty Closes 279 Million Purchase of Office Buildings at Camelback Esplanade In one of the largest commercial office investments completed in the Valley, LBA Realty in Irvine, Calif. (Phil Belling, managing principal) paid $279 million ($288.69 per foot) to buy 966,421 sq. ft. of office buildings within the Camelback Esplanade mixed-use project located at […]
Commercial Real Estate & Business News – December 28, 2015
Experts Predict Commercial Real Estate Trends for 2016 Rising rents and occupancies boosted values across virtually every commercial property sector in 2015, fueling speculation about how hot is too hot when it comes to commercial real estate. While some analysts predict a more modest 2016, the fundamentals of the market remain strong going into the […]
Commercial Real Estate & Business News – December 24, 2015
Private Real Estate Lenders Move into Mainstream Private lenders that used to float on the fringes of the commercial real estate financing sector are stepping out of the shadows and becoming a more accepted financing alternative. One of the primary drivers behind the shift is the abundance of capital. There is a lot of new […]
Commercial Real Estate & Business News – December 23, 2015
Phoenix Home Construction To Help Industrial The local economy should expect continued slow to moderate growth—around 2% to 2.5%. That was the consensus among panelists at a recent RealShare conference here. “The big thing we have to see more of is more residential and new home construction, which will help the multi-tenant industrial here.” That […]
Commercial Real Estate & Business News – December 22, 2015
Multifamily Investment: This Bull Market Continues to Charge Ahead. By all accounts, the multifamily investment sales market has been on a bull run in recent years. The fact that the sector was the leader in the real estate recovery and continues to produce solid occupancies and rent growth has caught and held investor interest. And […]