Commercial Real Estate & Business News August 26, 2019

Yield Curve Inversion Might Be a Good Thing for CRE Investors The yield curve inversion can help borrowers in the commercial real estate industry, some industry sources say. The yield on the benchmark 10-year Treasury note dipped below the 2-year rate for a brief period on August 14 for the first time since 2007, causing fears of a looming recession. As of this morning, the yield on the…»
Valley Apartment Deals Approach $4B During First Half of 2019
During the first half of 2019, investors paid $3.82 billion for 221 apartment communities across the Valley, according to research compiled by Vizzda LLC for the Phoenix Business Journal. That’s up from 198 properties sold for $2.98 billion during the same period in 2018, according to Vizzda, a Tempe-based real estate database. The 198…»
Two Valley Apartment Buildings Trade for $139M
MG Properties Group has acquired to apartment properties north of Los Angeles, Enclave at Warner Center and Meridian Place in Northridge. The two properties traded hands for more than $139 million.…»
Life Company Lenders Feel the Pressure to Tighten Spreads on CRE Loans
Life insurance companies are proving that they aren’t afraid of a little healthy competition. Life company lenders remain firmly at the table when it comes to commercial real estate financing despite tighter spreads and a push by some borrowers for more flexible pre-payment options. Life companies generally do a good job of…»
Goodyear Civic Square at Estrella Falls Gets Green Light
At Monday’s Goodyear City Council meeting, the council unanimously approved the development agreement for Goodyear Civic Square at Estrella Falls. This will be a first-of-its-kind project in partnership with the Globe Corporation. Since 1984, the city has aimed to create a dynamic project like this. Since then, several citizen committees…»