Commercial Real Estate & Business News – January 25, 2017

A $90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is laying bare the weak links in the U.S. real estate market. It’s getting harder for landlords who rely on borrowed cash to find new loans to pay off the old ones, leading to forecasts for higher delinquencies.…»
The US industrial markets just had another historic year, with record-setting levels of absorption and vacancy, and experts say these good times should last at least through the end of 2017. Tenants absorbed 63.6 million square feet of space in the final quarter of 2016, which propelled net absorption for the year to 282.9 million square feet…»

Apple Inc. (Nasdaq: AAPL) supplier Foxconn Technology Group is considering a potential $7 billion manufacturing plant in the U.S., according to reports by Reuters, Bloomberg and others. Arizona could be in the running for a U.S. investment if Taiwan-based Foxconn…»

For a long time, Phoenix was touted as the low-cost alternative for companies looking to relocate or expand. While Metro Phoenix still competes heavily on cost as an advantage, the Valley offers so much more value to companies – a skilled workforce, strong communities, public-private partnerships, the leading university…»
Arizona gained only 6,300 net jobs in December, closing 2016 with half the growth seen in 2015 and falling below the nation’s overall pace. The slowdown in job creation that began in summer deepened as the year ended and added to the caution economists are feeling about the state’s finances as lawmakers prepare the fiscal 2018 budget.…»