Commercial Real Estate & Business News – December 30, 2013

Top 5 News Bulletin
In an effort to keep our clients and colleagues informed about the Phoenix commercial real estate market we send out a daily email with the “Top 5” news stories that affect you. Each day we will sort through various industry publications and local news sources and narrow down the top local articles that matter to the Arizona commercial real estate investor.
New houses are sprouting up – but not on the usual far-flung lots. In the heart of metro Phoenix’s core communities, new houses and condo projects are in the works on vacant parcels, in half-built subdivisions and in teardown projects replacing run-down buildings… Read more
The biggest news for the multifamily industry in 2013 came not at the beginning of the year, when Federal Housing Finance Agency acting director Edward J. DeMarco released the agency’s 2013 Conservatorship Scorecard for Fannie Mae and Freddie Mac, revealing that there would be a 10% reduction target in business volume from 2012 levels… Read more
The last 12 months in Tempe were filled with new projects that will benefit the region’s economy coming in, a successful season from the Arizona State University football team, the reimagining of ASU mascot Sparky, and even the completion of a triathlon by Rep. Kyrsten Sinema, making her the first member of Congress to do so in office. And all of that just scratches the surface of a busy year in the city… Read more
Having just passed the five-year anniversary of the 2008 financial crisis peak, it’s a good time to review the impact of pre-crisis over-exuberance and excessive leverage on CMBS. Total legacy U.S. CMBS 1.0 loan balances declined to $450 billion at the end of the third quarter… Read more
As the end of 2013 approaches, we thought it would be interesting to check back in on some commercial real estate predictions we highlighted at the start of the year. As it turns out, there were some pretty reliable soothsayers. Predicting the year was by no means an easy task a year ago when the rattle of collapsed economy was still reverberating and lots of doubts lingered over the strength of a recovery… Read more