Commercial Real Estate & Business News – January 20, 2017

The financing market has demonstrated tremendous growth and robust activity this past year. According to a report by the Mortgage Bankers Association, over $500 billion in commercial real estate loans were originated this past year, indicating a strong financial landscape for lending.…»
An affiliate of Starwood Capital Group has agreed to buy Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) and its more than 24,000 US apartment units in a cash-for-stock transaction valued at approximately $2.85 billion. The Connecticut-based Starwood headed by noted real estate investor Barry Sternlicht will acquire all of Milestone’s subsidiaries…»
This holiday shopping season seemed to be a decent one for the retail sector, with the Thomson Reuters Same-Store Sales Index posting a 2.4 percent increase for December, above expectations. Healthy same-store sales growth notwithstanding, there is a storm passing over the retail sector. Going into the New Year, Macy’s, Sears, Kmart and Kohl’s among department stores, all announced…»
Interest rates are on the march, or at least the crawl. Rates generally have been rising for the past half year, though not yet in a big way – and from historically low levels. Economic growth isn’t robust enough, or inflation warm enough, to justify big rate increases any time soon. Still, the impact from rising rates is starting to be felt. …»
Younan Properties, Inc., an international commercial real estate investment, and asset management company continued its expansion in Arizona with the acquisition of Warner Crossing in Tempe AZ. Zaya S. Younan, Chairman and CEO of Younan Properties commented on this latest transaction. “Because of our financial resources and reputation as an experienced owner and manager, we can respond quickly to opportunities like Warner Crossing. We have high expectations for the Phoenix metro going forward.…»