Commercial Real Estate & Business News – March 21, 2014
Stress Test Shows 29 of 30 Banks Meet or Top Capital Target The Federal Reserve’s annual stress tests found 29 of the 30 largest U.S. banks could withstand a deep recession and still pay dividends, fueling speculation about which firms will win approval next week to raise payouts. Zions Bancorporation is the only lender that […]
Commercial Real Estate & Business News – March 20, 2014
Pennsylvania Firm Makes Second Valley Industrial Purchase With $13.2 Million Deal It took more than a year to add to its industrial real estate holdings in the Phoenix market, but Exeter Property Group in Plymouth Meeting, PA has now invested $30.7 million in acquiring 500,000 + sq. ft. of distribution space in the Valley. In […]
Commercial Real Estate & Business News – March 19, 2014
Geography of the Legacy Economy: Mapping the Next Boom With real estate markets tapped out in primary markets, investors will look to secondary ones – Pittsburgh, Cleveland, Phoenix – with legacy assets… Read more ASU Research Park Offices Sell for $18.4m or $211 Per Square Foot Rimrock Capital Partners sold two offices within ASU Research […]
Commercial Real Estate & Business News – March 18, 2014
Investor Confidence Reaches ‘New Heights’ Five years ago, it seemed the commercial real estate sky literally was falling. Today, confidence is U.S. commercial real estate is rising. That’s the major takeaway from a new Akerman LLP survey of top 200 CEOs, CFO, COOs and other top national real estate executives serving clients across the Americas… […]
Commercial Real Estate & Business News – March 17, 2014 – HAPPY ST PATTY’S DAY!
UPDATE: Fresh and Easy Portfolio Sale In November, Fortress Investment Group had signed an agreement to purchase 53 properties from the Fresh and Easy portfolio for a total of $41.5m. On February 25 we had blogged (LINK) the transaction of 11 of these properties. We have since seen a few more transactions and so we […]
Commercial Real Estate & Business News – March 14, 2014
CRE Prices Continue Upward March in January Shrugging off a seasonal slowdown in trading activity, commercial real estate prices continued their steady upward movement in January, according to the latest CoStar Commercial Repeat Sale Indices (CCRSI), analyzing commercial property sales through January 2014… Read more Top 5 Fastest Growing Office Space Occupiers The techies are […]