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Commercial Real Estate & Business News June 13, 2018

The mid-year rate hike is already baked into strategies for most investors and shouldn’t cause any major surprises or hiccups on pending deals. It seems almost a “sure thing” that the Fed will pull the trigger on another 25-basis point rate hike this week at its June 13th meeting.…»
Mesa’s longtime dream of bringing an Arizona State University campus to downtown is about to come true – but not without a steep price and a polarizing debate. Despite a deep divide among speakers, who alternately praised the five-story…»
Bob Parsons, the billionaire GoDaddy (NYSE: GDDY) founder, is set to be the new owner of Glendale’s Westgate Entertainment District, the West Valley’s sports and entertainment destination, picking up the property for $133 million…»
A 700,000-square-foot mixed-use development will be built on 53 acres near Loop 202 and Kyrene Road in Chandler. Conor Commercial Real Estate and WHI Real Estate Partners LP plan to develop the Lotus Project in two phases. The first phase will be built…»
The ratings agencies described the overall declines in CMBS loan quality as “modest” and “benign.” It appears the credit quality of CMBS loans is deteriorating. But analysts at several credit ratings agencies are not too concerned, describing the declines in CMBS metrics as “modest” and “benign.”…»