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Commercial Real Estate & Business News April 26, 2018

Issuance is marching ahead at a steady pace, but lenders are adapting to a market where business from maturities is declining. Despite the surge in CMBS issuance in the first quarter, lenders are continuing to scramble to find deals in a market where the pie is shrinking along with the dwindling supply of loan maturities…»

 

The Virginia-based aerospace and defense company Orbital ATK started construction on two buildings along Chandler’s Price Corridor that will serve as the firm’s Launch Vehicle Division headquarters. The two buildings will total 617,000 square feet on a 47-acre campus. There will be 261,000 square feet dedicated to manufacturing on the site…»

Homebuilder D.R. Horton (NYSE: DHI) scooped up 269 acres of state trust land in northeast Phoenix this week, bidding $79 million for the parcel in a recent public auction, the Arizona State Land Department announced Wednesday…»

To be called The Trailhead, the project is at the northeast corner of 83rd Avenue and Happy Valley Road, which is at the base of the Sunrise Mountain Preserve. Malloy expects total development costs to be between $35 million and $40 million, and financed by investment partners. The Pederson Group will develop, own and manage the project…»

The Trump administration plans to loosen rules on short-term, small-dollar lending, paving the way for US banks to go after the business of tens of millions of American families struggling to make ends meet…»