Commercial Real Estate & Business News – January 5, 2017

The commercial real estate financing market is facing numerous obstacles this year, ranging from the potential impact of newly implemented regulations to a likely shift in federal monetary policy to shifting solid fundamentals-and whether or not those changes will decrease demand for debt…»
Cap rates in the fourth quarter of 2016 for the single tenant net lease sector increased or remained the same for all three asset classes, according to an end of the year report from the Boulder Group, a net lease firm in suburban Chicago. It’s a sign that these rates have finally hit bottom after a historic slide that has lasted several years and will finally move up significantly in 2017. …»

Here’s a quick look at what 2017 could bring to the East Valley: Stable governance: Despite an influx of new city council members, political veterans occupy mayoral offices in Chandler, Gilbert, Mesa and Tempe. Bottom line: Don’t look for radical changes in direction from our respective city halls.…»

Macy’s (NYSE: M) announced Wednesday it was closing 68 U.S. stores. The closures impact 3,900 Macy’s employees. Macy’s has nine stores in Arizona with 3,700 employees and 870 nationwide with 730 under the Macy’s name…»
Reflecting a lack of suitable global alternatives and a proven track record of steady returns generated by US real estate, the latest annual survey of overseas investors by the Association of Foreign Investors in Real Estate (AFIRE) confirmed once again that the United States remains by far the world’s most popular destination for foreign real estate capital. …»