Commercial Real Estate & Business News – February 26, 2016

Today’s commercial real estate investors have seemingly endless options about which asset class to invest in. As the market has gotten hotter and hotter, increasingly investors are going after more opportunistic deals, happy to consider new asset classes and less than ideal locations to yield better returns. But when the market comes down, as it inevitably will, they will have more to lose… Read more »
The U.S. apartment market continued its biggest boom in history in 2015, hitting historical highs in rental rate growth, investment sales and new construction while matching the previous year’s strong absorption and occupancy growth. However, much of those gains were achieved in the first six months of the year. The market slowed considerably in the second half, as lease-up of newly delivered apartment projects cooled and rent growth plateaued, particularly in the fourth quarter… Read more »
At opposite ends of the Valley, two cities with different histories and cultures share a common denominator: Tourists flock there when the calendar flips to March in Scottsdale and Goodyear. Spring training has arrived. “It’s the perfect place,” Arizona Diamondbacks President and CEO Derrick Hall said. “It’s spring training, and it’s spring break.” Cactus League baseball encompasses eight Arizona cities with 10 stadiums that are home to 15 teams…Read more »
Driven by the capital markets, CMBS will continue to be extremely volatile, with the pool narrowing and spreads widening, said speakers at Burnham-Moores’ 20th Annual Real Estate Conference here Friday. Gary Duff, executive director at Morgan Stanley and a panelist for the “Debt Sources of Financing in Today’s Market” breakout session said last year 45 groups contributed to the CMBS pools, while this year there are 35, and he predicted a pool of 20 to 25 players soon… Read more »
Rouse Properties Inc. has agreed to be acquired by an affiliate of Brookfield Asset Management Inc. for $2.8 billion including Rouse’s debt. At $18.25 per share, the all-cash transaction bests Brookfield’s original offer of about $2.54 billion made early last month and represents a premium of approximately 35% over Rouse’s closing stock price on January 15, 2016, the last trading day prior to Brookfield’s announcement of a proposal to acquire Rouse… Read more »