Commercial Real Estate & Business News – April 29, 2015
Federal Mortgage Agency Says More Needed to Police Nonbank Lenders A government mortgage agency says it needs more resources to police the growing ranks of companies rushing to fill the void left by big banks that have stepped away from the market for riskier home loans. Ginnie Mae is asking for more staff in part […]
Commercial Real Estate & Business News – April 28, 2015
Phoenix Apartment Vacancies Lowest In Two Decades, Rents Up Apartment vacancies across Phoenix are at their lowest in two decades and rents increased a record amount during the first quarter, according to new data. Vacancy rates stand at 5.7 percent, down from 13 percent in 2009. Renters moved into 2,800 units during the quarter up […]
Commercial Real Estate & Business News – April 27, 2015
Business Journal’ Reveals The Top Exclusive Apartments Across Phoenix Alliance Residential Company’s Broadstone brand of apartment communities did well in the Phoenix Businesses Journal’s Exclusive Apartments list, taking two out of the top three spots when the list was published today. The list was based on information from Yardi Matrix data provided by Pierce-Eislen, with […]
Commercial Real Estate & Business News – April 24, 2015
Real Estate Rally Breathing Life Into Commercial Mortgage Bonds Signs of life are starting to appear in Europe’s commercial mortgage bond market, frozen since the financial crisis crushed real estate values seven years ago. Bank of America Corp. sold 445 million euros ($478 million) of notes in the biggest deal this year on Thursday, while […]
Commercial Real Estate & Business News – April 23, 2015
Class A Office Building At Central And Camelback Could Be Converted To Apartments An 11-story Class A office building at Central Avenue and Camelback Road in Phoenix could be developed into apartments. The owner of the 203,100-square-foot building ? One Camelback Inc. ? is talking to Scottsdale-based apartment developer P.B. Bell Cos. about the possible […]
Commercial Real Estate & Business News – April 22, 2015
East Beats West: All New Office Construction Happening In East Valley All of the new office construction in the Phoenix region, and almost all of the leasing activity, is happening in the East Valley, Tempe and Scottsdale, according to new first quarter data. The bulk of that is in Tempe with the big State Farm […]