Commercial Real Estate & Business News – August 16, 2013
Certain U.S. Retail Markets Shine Brighter Than Others In Slow-but-Steady Recovery The “happy rainbow” of year-over-over demand growth for U.S. retail space continued to spread across the country at midyear, with shopping center landlords just now beginning to capitalize on accelerating population, employment and housing trends, almost no new retail property construction, and consumers returning […]
Commercial Real Estate & Business News – August 15, 2013
The Hub On Campus Student Housing Project At ASU Sold For $103 Million An entity formed by Inland American Communities Group Inc. in Dallas, Tex. (Travis Roberts, pres.) paid $103 million ($161,695 per bed/$382,900 per unit) to buy the 637-bed Hub on Campus student housing project near Arizona State University in Tempe. The seller of […]
Commercial Real Estate & Business News – August 14, 2013
The Road Ahead for Fannie and Freddie The likely fate of Fannie Mae, Freddie Mac and much of the multifamily lending business became much clearer on Tuesday, when President Obama endorsed a reform plan already underway in the U.S. Senate. “Right now there’s a bipartisan group of senators working to end Fannie and Freddie as […]
Commercial Real Estate & Business News – August 13, 2013
CMBS Late-Pays Take Steep Drop Dispositions from a single CMBS transaction lay behind the largest post-recession monthly drop in the delinquency rate for securitized commercial mortgages, according to data from Fitch Ratings. The 40-basis point decline from 7.18% in June to 6.78% in July brought the late-pay rate down 223 bps from its July 2011 […]
Commercial Real Estate & Business News – August 12, 2013
‘Sand State’ Foreclosures are Receding Fast After years of being the USA’s foreclosure laughingstocks, Arizona and California now have better credit than the rest of us. That’s from an analysis released last week by Fannie Mae, which chronicled the performance of its $2.8 trillion loan portfolio. In states hit hardest by the housing bust – […]
Commercial Real Estate & Business News – August 9, 2013
Strengthening Economic Activity Seen Offsetting Investor Concerns Over Interest Rates Analysts believe it is becoming more and more likely that commercial real estate loans coming due in the next few years will face a higher rate environment. However, the strengthening economy is expected to offfset near-term investor risk. Two notable commercial real estate developers and […]