Commercial Real Estate & Business News August 24, 2018

According to a report from Mortgage Bankers Association, in the second quarter, commercial and multifamily mortgage loan originations rose by 4% year-over-year and soared past the first quarter with a 32% surge in originations. “Commercial and multifamily real estate borrowing and lending continues to track with last year’s level,” MBA’s Vice President for Commercial Real Estate Research…»
MCLEAN, Va., Aug. 23, 2018 (GLOBE NEWSWIRE) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey®(PMMS®), showing that mortgage rates decreased for the third straight week. Sam Khater, Freddie Mac’s chief economist, says mortgage rates inched backward this week to their lowest level since mid-April. “Backed by very strong consumer spending…»
As a result of this regulatory change, some borrowers could secure more competitive terms for their commercial real estate loans. This spring, President Trump signed the Economic Growth, Regulatory Relief, and Consumer Protection Act (‘Economic Growth Act’) into law. This scaled back many of the provisions of the Dodd-Frank Wall Street Reform Act, which was originally implemented…»
Phoenix has some of the best golf courses, water parks and weather in the country. Phoenix neighborhoods are also some of the most popular for renters. The appropriately named Valley of the Sun offers about 210 sunny days a year, giving residents plenty of chances to swim and enjoy the outdoors. Large companies like Intel, the American Express Company and Wells Fargo & Company also…»
A developer is looking to bring a major mixed-use project to a vacant lot in Mesa near Crismon Road and the U.S. 60, following a trend of increased development activity around the east Valley. Both a Hampton Inn hotel and an unidentified retailer are awaiting zoning approval from the city of Mesa before beginning development in east Mesa. The city has seen an uptick in real estate activity of late…»