Commercial Real Estate & Business News – May 14, 2015
Fannie and Freddie Hit the Brakes on Multifamily Lending Fannie Mae and Freddie Mac are trying to reign in robust multifamily lending that has them racing toward their annual production caps very early in the year. Fannie and Freddie have introduced rate hikes over the past few weeks and tightened underwriting as a means to […]
Commercial Real Estate & Business News – May 12, 2015
Arizona Gets Credit Upgrade on Economy, Budget Progress Arizona’s credit rating got a boost, with Moody’s Investors Service raising the state government’s financial grade to Aa2 from Aa3. The evaluation affects $2.5 billion of state debt, primarily on bondlike investments known as certificates of participation… Read more » Arizona Economic Update It was a positive week across […]
Commercial Real Estate & Business News – May 11, 2015
New US Bank CRE Head Optimistic on 2015 Rudy tells GlobeSt.com that he expects that the economy will continue on its path of relatively measured growth, around 2% to 3% annual growth in GDP and the Fed will continue its policy of fostering a low interest environment. ?This bodes well for us in the long-term?… […]
Commercial Real Estate & Business News – May 8, 2015
Tempe Approves Twin Towers Project on Former Monti’s Site Tempe has given the approval to a pair of lakefront towers on the former site of Monti’s La Casa Vieja at the corner of Rio Salado Parkway and Mill Avenue. One Hundred Mill, the mixed-use Douglas Wilson Cos.-Hensel Phelps Development twin high-rises, has received final approval […]
Commercial Real Estate & Business News – May 7, 2015
Commercial Mortgage Originations, Including CMBS, Rising to Meet Refinancing Demand In J.P. Morgan?s estimates, year-to-date private label CMBS issuance has already outpaced the levels seen during the same period last year by 48 percent and remains on pace to reach at least $105 billion in new issuance for full-year 2015… Read more » TA Associates Pays $42+ […]
Commercial Real Estate & Business News – May 6, 2015
Economy Watch: CRE Benefits from Easier Money Regarding commercial real estate lending, the survey respondents (on the whole) reported easing standards on loans secured by nonfarm, nonresidential properties during the first quarter. A few large banks also said they’d eased standards on construction and land development loans, and some reported easing standards on loans secured […]