Commercial Real Estate & Business News – November 18, 2014
Underwriting Standards Moving Back to ’07 Since CMBS came back a few years ago, there has been a lot of conservative underwriting,? said Ken Carpenter, managing director of CCRE. ?Leverage-wise, it?s not back to ?07?we had more leverage back then?but underwriting standards are moving back to ?07.? He adds that today, 65% to 70% leverage […]
Commercial Real Estate & Business News – November 17, 2014
Metro Phoenix lands 2017 NCAA Final Four The weeklong event, which could generate $100 million to $150 million in economic impact, will culminate with games April 1 and 3, 2017 at University of Phoenix Stadium in Glendale. The 2015 Super Bowl and 2016 College Football Playoff championship game also will be at the same venue, […]
Commercial Real Estate & Business News – November 14, 2014
Risk Premiums Decline Along with Cap Rates Graphically, the upward trend in commercial real estate sales volume since 2009 resembles the crest of an enormous wave, while the trend for risk premiums looks more like the trough of that wave. Even the highest-risk asset class in ?09?hotels, its premium at more than 7%?has seen its […]
Commercial Real Estate & Business News – November 13, 2014
Phoenix 11th Among Boom Construction Metros While the rest of the country struggled to recover from the recession, the economy in Texas has been on fire. Thanks to a boom in horizontal drilling and fracking, the state’s oil output has more than doubled over the past three years to 3.18 million barrels per day—a level […]
Commercial Real Estate & Business News – November 12, 2014
National Commercial Real Estate Market Finally In Recovery Mode The national commercial real estate industry follows the state of the overall economy, with a normal lag of about two years. But this economic cycle of a sluggish economic recovery has been different and the nation’s commercial real estate market is lagging about four to five […]
Commercial Real Estate & Business News – November 11, 2014
Renters to Expect LEED Certification Alliance’s 264-unit Scottsdale-area development, Broadstone Lincoln, located at 7100 E. Lincoln Dr., was recently awarded LEED-H Platinum Certification. This marks Alliance’s second development nationwide to achieve this level of certification. And this certification could mark a new standard for a demographic of renters nationwide…Read more » Scottsdale Shopping Venue To Become The […]