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Commercial Real Estate & Business News – January 30, 2017

Arizona’s economy is poised to grow a bit faster than the nation in 2017, though a potential U.S. trade war with Mexico could thwart that outlook. That’s the summary view from BMO Capital Markets Economics, which in a new report sees Arizona’s economy growing 2.6 percent this year compared with 2.4 percent for the U.S. as a whole.…»
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. Lenders have gotten choosier about which buildings they’ll fund…»

Only apartment valuations have seen positive growth over the past month, Ten-X said Friday. January marked the first time since February of last year that valuations remained flat industrywide on a month-over-month basis, with pricing in three of the five major property types eroding from the previous month. …»

Investment sales volume in the commercial real estate sector for 2016 fell about 11 percent year-over-year, but sources say the decline in transactions was skewed by a “gangbuster” 2015 marked by significant platform and portfolio sales. Figures from real estate research firm Real Capital Analytics (RCA) show approximately $488.6 billion in 2016 transactions…»
Apartment deal volume reached record levels last year, with 3% year-over-year (YOY) sales growth for 2016 on a volume of $158.4 billion nationwide, according to the year-end U.S. Capital Trends Apartment Report from real estate data firm Real Capital Analytics (RCA). The apartment sector was the only major property sector to post positive growth last year, and prices are still rising, with a projected 12% YOY growth in the preliminary run of the Moody’s/RCA Commercial Property Price Index. …»