Commercial Real Estate & Business News – October 13, 2015
Commercial Real Estate Lending Continues Its Comeback In another sign that the commercial real estate market recovery is forging onward and surpassing the single-family housing recovery, the total value of commercial real estate loans is on the verge of surpassing its pre-recession all-time peak of $1.731 trillion. CRE loan value most recently measured $1.723 trillion, […]
Commercial Real Estate & Business News – October 12, 2015
HAPPY COLUMBUS DAY! Mesa Sees Growth In Science, Tech Sector After Mesa successfully lobbied federal officials for control of the former Air Force Research Laboratory in 2011, its vision for the Phoenix-Mesa Gateway Airport-area facility was lofty. It would give the 6.5-acre campus a facelift, tout the lab’s rare, high-level government-security clearance across the state […]
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 […]