Commercial Real Estate & Business News – October 9, 2015
Hayden Ferry Lakeside Celebrates Opening Of Final Office Tower Tempe Mayor Mark Mitchell and Tempe city council members joined representatives of owner Parkway Properties, Inc. (NYSE:PKY), developer Ryan Companies, architect DAVIS, and other community leaders to celebrate the grand opening of Hayden Ferry Lakeside III (HFL III) on the northeast corner of Mill Avenue and […]
Commercial Real Estate & Business News – October 8, 2015
CRE Prices Are Now Officially Above Pre-Recession Peak Moody’s and Real Capital Analytics (RCA) released their joint Commercial Property Price Indices (CPPI) this week and it shows that the all-property composite index has now surpassed its November 2007 peak for the first time on an inflation-adjusted basis. The all-property composite index is now 14.5 percent […]
Commercial Real Estate & Business News – October 7, 2015
Tepid September Jobs Report Still Has Upside for Commercial Real Estate Industry The Federal Reserve’s recent decision to delay any increase in short-term interest rates appears to have been the correct call in hindsight based on last Friday’s disappointing news that total U.S. nonfarm payroll employment increased by only 142,000 in September, says economist Robert […]
Commercial Real Estate & Business News – October 6, 2015
CMBS Late-Pays Make Best Showing in 12 Months Although an increase in CMBS delinquencies likely is in the offing, for the moment they’re continuing to improve. Trepp LLC said Monday that the delinquency rate fell 17 basis points in September for the largest single-month improvement in 12 months. September’s rate of CMBS late-pays dipped to […]
Commercial Real Estate & Business News – October 5, 2015
Metro Phoenix Homebuilding Boom Creates Demand For Construction Workers Metro Phoenix’s homebuilding recovery didn’t stall in August like it has at least a few times times since the crash – another strong indicator the recovery is finally on. New home permits shot up 78 percent in August from the same month a year ago. That’s […]
Commercial Real Estate & Business News – October 2, 2015
Downtown Phoenix’s Roosevelt Row Named One of the ‘Great Places in America’ The American Planning Association announced today that Roosevelt Row in downtown Phoenix has been designated as one of the “Great Places in America.” APA representatives, Phoenix Mayor Greg Stanton, Councilwoman Kate Gallego, Councilman Michael Nowakowski and the Roosevelt Row Community Development Corp. gathered […]