Commercial Real Estate & Business News – January 14, 2015

Top 5 Predictions for the Multifamily Sector in 2015

In the year ahead, demand for multifamily properties in urban areas and in the affordable housing sector will continue increasing, while appetite for luxury condos may slow down, predicts Byron Carlock, Jr., U.S real estate practice leader with consulting firm PwC. Carlock, whose past stints included the role of CEO and president of CNL Lifestyle Properties and chief investment officer of Post Properties, is a member of the Urban Land Institute and a board member Emeritus at Harvard Business School… Read more »

Commercial Mortgage-Backed Securities Make Comeback

A hunt for yield and a gradually improving property market are bolstering a key engine of U.S. commercial property lending, helping borrowers to refinance but also reigniting fears the market is getting overheated… Read more »

Roller-Coaster Numbers for Phoenix on Regional Economic Rankings

Phoenix topped a list of major metropolitan areas across the U.S. Mountain West for regional job growth in the third quarter of 2014. The metro area’s 1.1 percent gain was more than double the national average ? but about half the normal post-recession rate ? which was good enough to place it atop the Brookings Mountain West Monitor, an economic review published with University of Nevada Las Vegas… Read more »

6 Phoenix-Area Hotels Make List of Top Meeting Hotels in U.S.

Six Phoenix area hotels made a list of the top hotels to hold meetings at in the U.S. The Cvent Supplier Network, an online marketplace connecting event planners with venues, looked at hotels across the country and ranked them based on a number of things including total room nights, awarded room nights, major metropolitan area market share and conversion rate… Read more »

ASU Slams USA Place Developer, Looks for New Partners

Arizona State University officials contend real estate developers looking to create a $450 million project in Tempe missed deadlines to close the deal, asked for extensions and failed to deposit a required $1 million into an accessible escrow account as part of the deal. ASU officials also say they are going to look for other developers to work with on redeveloping property near Mill Avenue and University Drive… Read more »