Commercial Real Estate & Business News – March 6, 2015
A ‘Goldilocks Economy’ For Commercial Real Estate More than five years since the official end of the Great Recession, this is shaping up to be a recovery for the ages ? and for commercial real estate. Certainly this isn’t what anyone would term a “dream” recovery. The U.S. recovery is outpacing the U.K. and especially […]
Commercial Real Estate & Business News – March 5, 2015
Regional and Mid-Sized Banks Outpace Larger Competitors in Growing CRE Loan Portfolios A key trend that emerged among U.S. banks last year was a wide variation in commercial real estate lending by bank size and loan type, with the largest regional banks and mid-sized banks showing the strongest loan growth, but a significant pullback by […]
Commercial Real Estate & Business News – March 4, 2015
Drops in Joblessness, CMBS Late-Pays Align As the unemployment rate goes, so goes CMBS delinquency. That?s the conclusion reached by Standard & Poor?s, which forecasts the late-pay rate to decline across 2015 in line with the rate of joblessness. Specifically, the ratings agency is predicting a decline of between 50 and 100 basis points in […]
Commercial Real Estate & Business News – March 3, 2015
Apartment Sales Up 42% in January The apartment transaction market started 2015 off just as frenzied as it finished 2014. In January, the sector posted $9.3 billion in sales, which was a 42% increase compared to January 2014. Both garden and mid- and high-rise sales contributed to the growth, increasing 40% and 46% year-over-year, respectively. […]
Commercial Real Estate & Business News – March 2, 2015
Apollo Headquarters Sells for $183M The Apollo Group Headquarters campus is 100% leased to Apollo Group, Inc., one of the nations largest providers of higher education programs for working adults. It is comprised of three office buildings, one 10-story building at 267,962 square feet and two six-story buildings each comprised of 165,851 square feet, and […]
Commercial Real Estate & Business News – February 27, 2015
Arizona Forecast To Generate Nearly 120,000 Jobs In Next Two Years Arizona is expected to add around 120,000 jobs in 2015 and 2016, according to a new forecast from the Arizona Department of Administration. Tourism growth is expected to lead that job growth, according to the 2016 Employment Forecast from the ADOA, with 56,600 expected […]