Commercial Real Estate & Business News – August 13, 2015
NOI Trends Among Property-Backed CMBS Remain Strong in Post-Crisis Era Net operating incomes [NOIs] for performing securitized loans that have reported year-end 2014 financials were up 2.7% above their underwritten levels, signaling a strong but uneven growth in performance, according to the latest analysis from CMBS bond rating agency analysis. Overall, Nomura Securities International noted […]
Commercial Real Estate & Business News – August 12, 2015
Liberty Property Breaking Ground On 215,000-square-foot Industrial Building In Tempe Developers of the Liberty Center at Rio Salado are breaking ground on a 215,000-square-foot flex building, the fourth structure at the site and the first industrial building. The new building, which is expected to have its shell completed by year-end, is being developed to U.S. […]
Commercial Real Estate & Business News – August 11, 2015
Billions Of Dollars In New Headaches Ahead For Old Real Estate Deals A signature financial instrument of the pre-financial crisis real estate boom is about to come due. And for some large real estate owners – particularly in the Midwest and Southeast – that could mean trouble. More than $53 billion out of $156 billion […]
Commercial Real Estate & Business News – August 10, 2015
ADOT Starting Property Demolition to Clear Route for Loop 202 Extension The Loop 202 South Mountain extension is moving forward. Arizona Department of Transportation announced it is starting demolition of vacant properties it acquired as part of the nearly $1 billion right-of-way acquisition program. Along the alignment from 59th Avenue and Interstate 10 to the […]
Commercial Real Estate & Business News – August 7, 2015
NXRT/BH Equities Spends $116 Million to Buy Portfolio of 1,114 Apartments Companies formed by NexPoint Residential Trust Inc. and BH Equities LLC paid $116 million (blended average of $104,129 per unit) to purchase 1,114 apartment units in three Valley communities. The sellers in three separate transactions were companies formed by Bascom Arizona Ventures LLC… Read more » […]
Commercial Real Estate & Business News – August 6, 2015
Borrowers Enjoy “Perfect Storm” for Refinancing Opportunities Low interest rates, rising property values and incomes, and a competitive lending environment are creating a perfect storm for borrowers looking to refinance maturing loans. The robust refinancing activity over the past 12 to 24 months is continuing to take the edge off the looming mountain of loans […]