Commercial Real Estate & Business News – December 1, 2014

CMBS Maturity Wave

Six years ago marked the beginning of the global economic crisis. Since that time lenders have been working at a rapid pace to resolve distressed loans that were coming into delinquency at record rates. Today, the economy has returned to more stable ground with major financial indices reporting at levels that are on par with, or better than, what they were prior to the economic downturn. Banks have moved most of their… Read more »

SoHo Scottsdale Would Bring Urban Vibe To Bell Road

A new urban project proposed for the Bell Road corridor in Scottsdale would bring loft-style townhouses and condominiums above office space and retail near WestWorld, plans show. SoHo Scottsdale, the project, stands for “small office, home office.” Scottsdale-based Catclar Investments wants to develop a vacant lot at 92nd Street and Bahia Drive into the 64 townhouses with residential atop offices… Read more »

Mesa Picks Plan For Downtown Revitalization

Very soon, an 18-acre expanse around Mesa?s City Plaza building will be transformed into an ?urban plaza,? a ?town square with a twist.? Mesa?s new ?City Center? is expected to tie the area together, drawing traffic into the areas around the Mesa Arts Center and surrounding attractions. After a long input and design contest process, city staff recommended… Read more »

Phoenix-Area Housing Demand Expected To Rise In Dec.

Home-sale prices across metro Phoenix are expected to be flat or dip a little during November. And sales will be down. But the forecast calls for demand to pick up in December. The latest pending sales index from the Arizona Regional Multiple Listing Services shows the area’s median home price will be $190,000 for this month, compared with $191,000 in October… Read more »

US Commercial Real Estate Activity Expected To Be On A Firmer Footing In 2015

Despite a slowing global economy, forward economic momentum in the United States should keep commercial real estate activity on firmer footing, according to the National Association of Realtors. The latest NAR quarterly commercial real estate forecast says that commercial activity should progress at a gradual pace heading into 2015. ?Solid economic growth in the third quarter proved that the second quarter wasn?t an anomaly… Read more »