Commercial Real Estate & Business News – June 1, 2015
Lenders Look Ahead ? Cautiously As loss rates in commercial real estate loans plummet, U.S. banks are once again competing to lend the funds that complete the deals. Commercial real estate lending is strong, with 2014 year-end loan balances matching the last peak market of 2007. However, the shadow of the Great Recession still lingers, […]
Commercial Real Estate & Business News – May 29, 2015
Tempe, ASU at Odds Over High-Rise Towers A new high-rise tower complex planned for downtown Tempe would bring hundreds of luxury apartments and hotel rooms to the city’s increasingly urban core, but Arizona State University President Michael Crow is concerned the buildings are too tall. Minneapolis-based Opus Development Co. has filed plans for a three-tower […]
Commercial Real Estate & Business News – May 28, 2015
Retailers Struggle To Find Balance Between Expanding Online or Opening More Stores Despite upbeat sales projections from retailers, strong consumer-confidence levels and a host of other positive-trending economic indicators, retailers are still struggling to find the best approach to funding growth in the new U.S. retail marketplace. According to BDO USA’s ninth annual analysis of […]
Commercial Real Estate & Business News – May 27, 2015
Multifamily Developers Favor Downtown, But Suburbia Holds Its Own In the midst of the Great Recession, vacancy in the multifamily sector hit a cyclical high of 8.0 percent. Over the next several years, the vacancy rate nearly halved, reaching 4.1 percent in early 2014. Vacancy now stands at 4.2 percent as of the end of […]
Commercial Real Estate & Business News – May 26, 2015
From ‘Ugly’ Shopping Center To Retail ‘Disneyland’ Before real-estate mogul Michael Pollack could transform an “ugly” strip mall he owned in Gilbert into something better, he needed to send his architect to Disneyland. Perhaps inspired by the small-town magic oozing from the theme park’s Main Street, U.S.A., with a touch of Western flair from Frontierland, […]
Commercial Real Estate & Business News – May 22, 2015
ayo Medical School Gets State Approval for $150M Arizona Branch Campus Mayo Medical School has received licensure by the Arizona State Board for Private Postsecondary Education for its $150 million Arizona branch campus. This nod of approval will allow Mayo to expand its medical school to its Mayo Clinic campus in Scottsdale and allow medical […]