Commercial Real Estate & Business News – July 15, 2014
Life Cos. See Stronger Returns on CRE Loans Life companies’ commercial mortgage portfolios posted a 2.43% total return in the first quarter of 2014, improving over Q4 2013’s performance of 0.38% while also stronger than the year-ago total return of 1.995%, according to the LifeComps Commercial Mortgage Loan Index released Monday. The data have been collected […]
Commercial Real Estate & Business News – July 14, 2014
Student Housing Project At ASU Sold To TIC Group For $38.7 Million Three tenant-in-common entities paid $38.7 million ($172,000 per unit) to acquire the 225-unit Block 1949 student housing property located east of Arizona State University at 1949 E. University Drive in Tempe. The new owners of the 640-bed complex have renamed the project Regents […]
Commercial Real Estate & Business News – July 9, 2014
Foretelling A Future Without Fannie And Freddie Despite their recent profitability, the government-sponsored enterprises may soon depart. Although the United States has a free-market economy, its government provides key financial backstops to keep the economy from derailing during a crisis. The Federal Deposit Insurance Corp. guarantees most bank deposits and, in the real estate market, […]
Commercial Real Estate & Business News – July 8, 2014
Strong Quarter, Strong Outlook for Apartments Life is good for apartment investors: rents are high, vacancies are low and the outlook for the future looks very, very strong, according to second quarter reports from real estate research firms. Average apartment rents are growing very quickly. Asking rents grew 0.8 percent in the second quarter and […]
Commercial Real Estate & Business News – July 7, 2014
Where Cities Are Growing Faster Than Their Suburbs In 19 of the 51 largest U.S. metros, the city grew faster than the suburbs last year — even sprawling Sunbelt growth corridors like Phoenix, Orlando, and San Antonio. All of these metros experienced faster growth in their primary cities than the San Francisco, Boston, or New […]
Commercial Real Estate & Business News – July 3, 2014
The Top 10 US Metros Beating Expectations for Job Growth; Phoenix Cracks the List New research from CareerBuilder and Economic Modeling Specialists looked at the total job growth across industries for each of the 50 most populous U.S. metros from 2010 to 2013. Each metro’s actual job growth was compared to what would have been […]