Commercial Real Estate & Business News – December 15, 2020

Commercial Mortgage Delinquencies are Rising
Problems in the hotel and lodging sectors are pushing the commercial mortgage delinquency rate up. In November, 5.7% of commercial mortgages were delinquent, increasing from 5.4% in October, according to the Mortgage Bankers Association. The delinquencies can be traced back to lodging…»
Top 10 CRE Investment Predictions for 2021
By all accounts, 2020 was a shocker. Predictions made at the beginning of the year were, by mid-March, hardly worth the paper or electronic screen they were written on. With a vaccine for Covid-19 now beginning to be distributed, hopes are high that 2021 will be easier to navigate…»
See the Hottest Areas of the Valley With the Most Apartment Units Under Construction
As more cranes begin to light up the Valley’s skies at night, it’s clear that metro Phoenix is among the hottest areas of the country for apartment construction activity. A new study released by RealPage Inc. found that Phoenix ranks seventh nationwide for total units under construction, with 22,055…»
Opus Commences Construction on Goodyear Spec Industrial
Minneapolis-based The Opus Group commenced construction on Goodyear Airport 85, a 275,000-square-foot speculative industrial development in Goodyear. The vacant 19-acre site is situated on North Litchfield Road, near Main Central Road 85, a relief road for Interstate 10.Opus’ Sean…»
Urgent Care Draws in Net Lease Investors
As real estate investors have sought safe havens in a tumultuous 2020, the medical sector has been a ripe target. Life sciences were on the upswing even before this year. But the search for vaccines and therapeutics to battle COVID-19 have boosted lab space. For traditional doctor’s offices, the story…»