Commercial Real Estate & Business News December 17, 2018

Forecasting Three Corners of Commercial Real Estate for 2019
All throughout 2018, the real estate market was once again buoyed by a virile U.S. economy. There may new challenges in 2019 in the forms of rising interest rates, tightening credit and lingering uncertainty over the geopolitical climate, yet many commercial real estate professionals remain bullish on the market going into the new year. Three experts weighed in on how the real estate market…»
Hunt Wants to Increase Its Phoenix Exposure
Hunt Real Estate Capital is bullish on the Phoenix and Arizona markets. The lender has recently financed two multifamily acquisition deals in Phoenix and Glendale, and wants to increase its exposure in the market. In addition, Hunt says that its partners and Fannie Mae and Freddie Mac are bullish on the Phoenix market, and are looking for opportunities. “We would love to increase our exposure …»
Toll Brothers Luxury Home Builder Buys 258 Acres in Scottsdale
Toll Brothers Inc., a well-heeled luxury homebuilder, has paid $60.6 million for 258 acres of vacant land in north Scottsdale, according to Vizzda real estate database. The land is next to Storyrock Development Corp.’s 462-acre master-planned community surrounded by the McDowell Sonoran Preserve. “This was one of the last largest pieces of privately owned land in Scottsdale,”…»
Investors Still Pursuing Grocery-Anchored Shopping Centers but Deal Volume Slowed in 2018
As e-commerce players start to make an impact in the grocery space, investors eye deals more cautiously. High-quality, well-located grocery-anchored shopping centers continue to be a “darling” of investors and are still achieving strong pricing. “The core product is still demanding a pretty strong premium and cap rates are holding up,”…»
Tech Companies Are Moving East, But Don’t Cry For Silicon Valley
Tech companies are heading east in droves, seeking brainy computer engineers and tax breaks from cities hungry for high-paying jobs. Are Silicon Valley companies abandoning their roots? Google-parent Alphabet (GOOGL), headquartered in the San Francisco Bay Area, is stepping up investment in New York. Another Silicon Valley icon, Apple(AAPL), disclosed this week…»