Commercial Real Estate & Business News – January 12, 2015
Builders Slow Phoenix Land Purchases in 2014 Homebuilders cut their spending on metro Phoenix land during 2014 as new home sales fell. Last year, builders spent $510 million on Valley land, according to Scottsdale-based Land Advisors Organization. That compares with $709 million in 2013 ? the most spent on land by home builders in the […]
Commercial Real Estate & Business News – January 9, 2015
Stockdale Capital Buys Land In Old Town Scottsdale Targeted For Mixed-Use Project Stockdale Capital Partners LLC in Scottsdale (Shawn Yari, Steven Yari, principals) has acquired a site near the northeast corner of Scottsdale and Camelback roads that was once planned for a $600 million hotel-residential development called Solis Scottsdale. The 7.03-acre parcel is located along […]
Commercial Real Estate & Business News – January 8, 2015
CMBS Issuance to Shoot Up in 2015, but Sliding Underwriting Standards Pose a Risk As many industry experts predicted, CMBS issuance in 2014 overshot 2013 levels, but that may not be an entirely positive development. As of last week of December, Commercial Mortgage Alert, an industry publication, estimated that U.S. conduit shops originated $90.5 billion […]
Commercial Real Estate & Business News – January 7, 2015
Colrich Adds To Valley Holdings…Picks Up 332 Apartments In $31 Million Deal A joint venture formed by ColRich in San Diego, Calif. (Danny Gabriel, principal) and Harbert Management Corp. in Birmingham, Ala. (Raymond Harbert, principal) paid $31 million ($93,373 per unit) buy The Cortesian, a 332-unit apartment community located at 7749 E. Camelback Road in […]
Commercial Real Estate & Business News – January 6, 2015
Six Trends in Commercial Real Estate to Watch for in 2015 While many variables will determine the course of U.S. commercial real estate, here are six potential trends for 2015 based on the current outlook: Increased allocations and capital flows. With most institutions—not to mention high-net-worth investors—still being underallocated to real estate, combined with the […]
Commercial Real Estate & Business News – January 5, 2015
Report: U.S. Economic Recovery To Strengthen Further In 2015 With the turn of the calendar, Wells Fargo Securities sees the U.S. economy outperforming on the world stage. In a new report, Wells projects a 2.5 percent to 3 percent growth rate for real gross domestic product this year. It will make this year the back […]