Commercial Real Estate & Business News – May 12, 2014
Fundamentally Speaking: Encouraging Signs in Apartment, Office Sectors The apartment sector witnessed another decline in vacancy rates in the first quarter, reaching a new low for the cycle. The office sector also saw some improvement in vacancy rates, although rates are still several percentage points above what would be considered “normal” in a healthy market, […]
Commercial Real Estate & Business News – May 9, 2014
Big-Box Sector Shows Big Improvement Oh, what a difference a few years make, at least when it comes to big-box retailing. Due to the recession and a dearth of financing for troubled retailers, empty big boxes were a significant problem for landlords five years ago. That’s certainly not the case today. High quality big-box space […]
Commercial Real Estate & Business News – May 8, 2014
CRE Bank Lending Increases; Terms Ease in Q1 US banks stepped up their commercial real estate loan lending in the first quarter while easing terms, according to the April 2014 Senior Loan Officer Opinion Survey on Bank Lending Practices. On balance, the Fed reported, banks eased their lending policies for commercial and industrial and commercial […]
Commercial Real Estate & Business News – May 7, 2014
American Airlines Group Renews Lease Fort Worth-based American Airlines Group renewed a 201,724-square-foot lease at Rio West Business Park, a class A office complex located at 1821, 1921 and 2021 W. Rio Salado Parkway in Tempe… Read more Hayden Ferry Lakeside III breaks ground Tempe Mayor Mark Mitchell and Tempe city council members joined developer […]
Commercial Real Estate & Business News – May 6, 2014
1Q Apartment Deal Volume Falls, But With a Big Caveat Excluding portfolio deals, sales of individual apartment properties increased 28 percent compared to the first quarter of 2013. That’s because the massive $6.5 billion portfolio sale of Denver-based Archstone occurred in the first quarter of 2013, skewing the results in last year’s favor… Read more […]
Commercial Real Estate & Business News – May 5, 2014
WinCo Announces Opening of Phoenix Distribution Center WinCo Foods LLC announced today that it will begin shipping from its newest distribution center located at 7502 W. Durango St., Phoenix, Arizona, on Monday, May 14, 2014. The center, which includes over 900,000 square feet of warehouse space under roof, will initially service nineteen (19) WinCo Foods […]