Commercial Real Estate & Business News – August 3, 2016

An overwhelming majority of investors and lenders have an overall positive view of U.S. commercial real estate market conditions, even in the face of cascading world events such as China’s economic slowdown, Britain’s vote to leave the European Union, sharply lower oil prices and volatile world financial markets…»

Not even a political slug fest can shake the current consumer. The latest Nielsen Consumer Confidence Index showed that consumer confidence in the U.S. is on the rise, despite the uncertainty and starkly contrasting rhetoric around key economic issues…»
The increases in multifamily loan origination are moderating along with other fundamentals, but Freddie Mac expects growth in the sector to continue at above pre-recession levels. Headquartered in McLean, VA, Freddie Mac says apartment fundamentals began to moderate in the second half of last year…»
A joint venture between EverWest Real Estate Partners and WHI Real Estate Partners L.P. (WHIREP) has earned unanimous approval by the Scottsdale City Council for a zoning modification, and has started construction on The Quad, a major 13-acre, 14-building redevelopment project that blends elements of a lifestyle center and office park to create a next-generation creative office community. The project is located at the northwest corner of 64th Street and Thomas in Scottsdale, Arizona…»
The Scottsdale-based property management company currently operates in 15 markets with plans to expand into five to 10 more core markets, HTA President/CEO Scott Peters told analysts today in a second quarter earnings conference call. However, Phoenix didn’t make the cut…»