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Commercial Real Estate & Business News April 20, 2018

Despite record liquidity, demand for commercial real estate loans softened in recent months, leaving eager lenders chasing fewer borrowers. As a result, competition among lenders has ratcheted up noticeably with loan prices compressing. n fact, deal pricing and structures have gotten so competitive, many of the nation’s banks, including its 25 largest cumulatively, are starting to back off from commercial real estate lending…»
The stability, durability and continued capital flows into multifamily investing permeate today’s headlines, with industry pundits believing apartments to be the most popular product type with real estate investors in 2018, second only to industrial. Mixed signals abound among varying markets, and it’s important to dissect and triangulate the real data as the analytics don’t always tell the full story…»
CHICAGO-The US office market has finally begun hitting a peak after nine years of expansion. And the vast amount of new class A space that developers recently created in many major markets, or will soon finish, has changed the supply-and-demand dynamics in favor of tenants, according to JLL’s first quarter office outlook report. In response, landlords across the nation have boosted the value of their tenant concession packages…»
A parcel consisting of about 269 acres of State Trust land will be auctioned Wednesday, and if sold would bring at least $54 million to benefit K-12 public education in Arizona, State Land Commissioner Lisa Atkins announced. The subject property, east of 56th Street and north of Deer Valley Drive, northeast of Desert Ridge Marketplace in Phoenix, will be auctioned at 11 a.m. Wednesday, April 25, in the auditorium at the Arizona State Land Department…»
Babbo Italian Eatery is now open near Scottsdale. The Phoenix-based restaurant chain landed its eighth location at the Pavilions at Talking Stick just off Loop 101 and Indian Bend Road on the Salt River Indian community. It opened today, April 19. Babbo’s newest location is 6,000 square feet and seats 236. The chain built the new restaurant from the ground up, said owner Ken Pollack…»