Commercial Real Estate & Business News – February 26, 2015
Northern Trust Bringing Regional Operations, 1,000 Jobs To Tempe Chicago-based international bank Northern Trust, is building a 450,000-square-foot three-building regional operations center in Tempe. The Tempe City Council is getting ready to consider a package deal from Northern Trust that brings 1,000 jobs paying an average of $82,000 to the city’s Discovery Business Campus at […]
Commercial Real Estate & Business News – February 25, 2015
Leverage on CMBS Multifamily Loans Gets Higher CMBS lenders now offer higher and higher levels of leverage to make deals?especially as prices for apartment properties rise compared to rents. These high-leverage loans worry market watchers like the bond-rating agencies. These ratings agencies are raising their credit enhancement levels. Bond buyers are getting pickier what loans […]
Commercial Real Estate & Business News – February 24, 2015
Phoenix Rents Rise 5.6 Percent In Year, Top U.S. Average Phoenix-area apartments and rental homes remain affordable compared to those in other big U.S. cities, but rate increases here are starting to rise faster than the national average. Median rents in the Phoenix metro area climbed 5.6 percent over the 12 months through January, according […]
Commercial Real Estate & Business News – February 23, 2015
Microsoft Could Land Big Data Center In Phoenix Microsoft Corp. could locate a large new data center in Phoenix. A commercial real estate official said the Microsoft data center could be landing at Union Hills Drive near Interstate 17. The project could total as much as 575,000 square feet and the transaction may be completed […]
Commercial Real Estate & Business News – February 20, 2015
Apartment Construction Boom Could Extend Well Into 2016 One of the most popular topics of discussion at commercial real estate conferences over the last few months is when will the current rush of U.S. apartment construction slow down — and recent government numbers and commentary from CoStar economists suggest that the answer may not be […]
Commercial Real Estate & Business News – February 19, 2015
The CRE Bar Is Set High for 2015 As we assess market conditions across the globe today we can hold our heads high and thank last year?s momentum for this year?s potential. A positive foundation has been laid. Economic indicators look good, leasing is robust, new deliveries are set to be 25 percent above last […]