| The Monday Morning Quarterback I don’t plan on covering all of the Governor’s COVID-19 related press conferences. But, lastThursday’s was worth a review. The information was very helpful and the advice was not new but was certainly worth repeating. The state is starting to move…» |
| Opening of Mesa Luxury Apartment Project Moved Up to August Now that pre-leasing at the Premiere at Eastmark has surpassed all estimates, Drew Olson intends to open the 216-unit luxury apartment community in Mesa in August. The $50 million development, which broke ground in July 2019, is a joint venture between…» |
| Phoenix Retail Market Remains Healthy Despite Impact of COVID-19 The Greater Phoenix retail market finished the second quarter with positive net absorption, despite the impact of pandemic business interruptions, according to a report from Colliers International. Vacancy remained healthy, but experts look towards…» |
| CMBS With Department Store Collateral Feels Coronavirus Negative Impact The coronavirus-induced economic stagnation has led to a decline in retailers’ credit quality and has been bad news for commercial mortgage-backed securities issued for real estate with retail tenants. A Moody’s Investors Service Inc. report said…» |
| Lending Could Fall Almost 60% This Year, MBA Forecasts Bankers expect commercial real estate loan originations to drop 59% in 2020 because of the economic fallout from the coronavirus pandemic. Lenders are forecast to complete $248 billion of loans backed by income-producing properties…» |