Commercial Real Estate & Business News – October 9, 2014
Calpers Reboots Its Real-Estate Ambitions As it pulls the plug on hedge funds, the country?s biggest public pension is giving its property portfolio a $7 billion jolt. The California Public Employees? Retirement System plans to increase its $26 billion of commercial real-estate investments by 27%, according to its latest asset-allocation report. The boost would leave […]
Commercial Real Estate & Business News – October 8, 2014
Forecast: Valley Commercial Real Estate To Improve Slowly In 2015 The Valley’s commercial real estate market will continue to improve slowly in 2015 with promising growth in residential rental housing, an Arizona State University real estate professor said. “We don’t see big changes in 2015 at all,” Mark Stapp with ASU’s Center for Real Estate […]
Commercial Real Estate & Business News – October 7, 2014
Groundbreaking for Courtyard by Marriott Sunridge Hotel Group broke ground on a Courtyard by Marriott hotel that will be located adjacent to Phoenix-Mesa Gateway Airport. “Courtyard by Marriott is a great addition to the Gateway area and another sign of the growing success of southeast Mesa,” Mesa Mayor, and Airport Authority Board member John Giles […]
Commercial Real Estate & Business News – October 6, 2014
Retail Cap Rates Remain at Historic Low As reported in GlobeSt.com, cap rates for single tenant net lease properties have fallen steadily for several years, regularly hitting new historic lows each quarter as more investors put in bids. In the third quarter of this year, however, the national cap rates for retail properties held steady […]
Commercial Real Estate & Business News – October 3, 2014
U.S. Office Sector Plods Ahead U.S. office rents and occupancies inched higher in the third quarter, as a gradual improvement in the overall economy is translating into a sluggish recovery in the office sector. Average rents sought by landlords reached $29.62 a square foot in the quarter, up 0.4% over the second quarter and 7.7% […]
Commercial Real Estate & Business News – October 2, 2014
Money Coming In for Value-Add and Opportunistic CRE Since 2009 following the Great Recession, senior mortgage capital has focused almost exclusively on fully-leased, cash flowing assets in major gateway markets, virtually ignoring transitional assets in suburban and secondary markets. Now that is also changing. While the recovery in most core markets is at the mature […]