Commercial Real Estate & Business News – May 27, 2016

Following a lackluster first-quarter for issuance and assorted headwinds that have led analysts to scale back their full-year predictions considerably, some rays of sunshine have begun to peak through the clouds surrounding the CMBS market. As reported Monday, the House of Representatives has passed a bill that could mitigate some of the more onerous aspects of the risk-retention rule mandated under Dodd-Frank. Also on Monday, three conduit deals totaling $2.3 billion came to market in the space of a few days, marking “one of the most active issuance weeks in months”… Read more »
Amid frenetic activity in crowded convention halls, retailers and landlords spoke of ‘Playing Defense,’ ‘Adjusted Expectations’ even as shopping center fundamentals remain strong.. Read more »
National apartment developer Wood Partners is buying a prime Scottsdale parcel for a planned apartment complex, according to a report by Business Real Estate Weekly of Arizona… Read more »
The RREEF Tempe portfolio, a portfolio, consists of 16 multi-tenant light industrial buildings encompassing 305,524 square feet and three-properties. BKM Capital Partners, an institutional fund manager focusing on that type of investments, has acquired the portfolio in an off-market transaction… Read more »
Equinox, Scottsdale’s newest luxury apartment community, hosted its official grand opening on May 20. The joint venture between VIRIDIS Group and MODUS Development is the state’s first true Net Zero Energy apartment complex – meaning it will produce roughly the same amount of energy as it consumes. The project utilizes green and energy saving construction techniques and fixtures such as Low-E windows, spray foam insulation and ENERGY STAR® appliances as well as more than 1,000 solar panels to deliver this first of its kind development in Scottsdale… Read more »