Commercial Real Estate & Business News – August 28, 2017

After years of waiting for interest rates to rise, some banks have started to lend as if they never will, loading up on a record amount of loans and securities that carry low rates for years. The percentage of bank assets that won’t mature or change rates for more than five years reached a new high in the second quarter, according to Federal Deposit Insurance Corp data released Tuesday. That means banks are allowing more borrowers to lock in low rates for long periods of time, a potential risk should rates move sharply higher…»

While media analysts wring their hands over the impending death of brick-and-mortar retail stores, maverick investors are seizing the opportunity to reinvigorate the downtown shopping experience. This long-range strategy includes aggressively expanding real estate portfolios in carefully targeted markets to create attractive destination neighborhoods filled with successful local businesses…»

Phoenix always has been a cheaper place to live than other big U.S. cities where apartments, housing prices and office rents are more expensive. The latest multifamily market data from Axiometrics and its parent company RealPage Inc. drives home that point…»

Home values are setting new records in about half of the largest metros in the United States and the national median home value is now $4,100 more than it was in April 2007, just before the market crashed…»

Mike and Jeff Mastro, along with their father Dennis and partner Scott Troilo, founders of Steak 44 and Dominick’s Steakhouse, are opening a new upscale seafood eatery. Ocean 44 will open in the space of the former Harkins Camelview Theatre, which closed down at the end of 2015…»