Commercial Real Estate & Business News – March 1, 2023

Amount of Maturing Hotel CMBS Loans Balloons This Year After Getting Extensions

Hotel loans that have been packaged as commercial mortgage-backed securities, or CMBS, typically give borrowers the option to extend the loan beyond the stipulated due date by an additional year or two. Facing the suddenly elevated interest rate…»

Experts Keep Guessing at When the US Will See a Recession

Experts are at odds over when a recession might occur. On the whole, they’re expecting one. But timing is the question. Well, one of many, to be accurate. ‘The National Association for Business Economics (NABE) recently released…»

Could More Than 1B Square Feet of US Office Space Become Obsolete?

As much as 1.4 billion square feet of U.S. office space could become functionally obsolete by the end of the decade. That’s according to a new analysis by Cushman & Wakefield PLC (NYSE: CWK), which examined which categories of…»

Arizona One of the Top Commercial Real Estate Markets in US for State GDP, New Report Finds

Development of industrial and warehouse construction projects accounted for a major part of commercial real estate expenditures nationwide in 2022. With the Phoenix metro being one of the fastest-growing industrial markets in the country…»

All Mixed Up: How Mixed-Use Development Is Transforming Commercial Real Estate

“The world has changed and so has the world of development,” says Charley Freericks, senior vice president of Catellus Development Corporation. “Three years of living with COVID-19 has created new economic pressures, social inequities and a…»