Commercial Real Estate & Business News – January 27, 2017

Arizona’s real estate offers out-of-state tech companies – especially from Silicon Valley – cheaper costs and ample back-office and sales workers for then they are ramping up business. That’s brought an Apple Inc. data center and back-office and sales operations for the likes of Yelp and SAP America Inc. to the Phoenix region.…»
This week, President Trump effectively ended US participation in the Trans Pacific Partnership (TPP) agreement. In addition to pulling out of TPP, the White House said President Trump is also committed to renegotiating the North American Free Trade (NAFTA) agreement signed in 1993. The US first agreed to join TPP in October 2013…»

Walker & Dunlop, Inc. (NYSE: WD) announced today it originated a $47,159,000 United States Department of Housing and Urban Development (HUD) 221(d)(4) new construction loan for Aviva, a Class A+ multifamily project in Mesa, Arizona. Housing Trust Group, based in Coconut Grove, Florida is the borrower and Aviva marks the first project for the firm in the Arizona market. …»

One-third of Millennials aren’t even looking for apartments yet, which bodes well for the future of the industry, Steadfast Cos.’ president Ella Shaw Neyland told attendees during the packed CEO panel portion of the general session at NMHC’sAnnual Meeting here yesterday. While still admitting a degree of uncertainty with the Trump administration, overall the panelists had strong predictions for the future of this sector. …»
The 2017 National Multifamily Housing Council Annual Meeting opened on Tuesday, January 24, in San Diego. Among the first sessions was a joint finance and tax committee discussion of the impact of the Better Way tax reform “blueprint” proposed by Republican House Speaker Paul Ryan. Representatives from the multifamily industry met with members of the House recently to learn about tax code changes proposed…»