Commercial Real Estate & Business News November 12, 2018

Global real estate markets appear positioned for strong momentum into next year despite concerns about trade tensions, gridlock in Congress and volatile financial markets, according to chief executives of the world’s largest publicly traded commercial property companies…»
The Scottsdale startup that once called itself the “Priceline of commercial lending” has scaled down after the company grew too fast. CommLoan CEO and co-founder Mitch Ginsberg decided more than a year ago to hit the reset button, laid off half of the company’s employees and changed its focus…»
The Corte Bella apartments in California’s Orange County is at ground zero of a phenomenon sweeping U.S. apartment sales. While the sale last month of the 251-unit Corte Bella to a joint venture of TruAmerica and ASB Real Estate Investments was one of more than 4,500 multifamily deals valued at more than $85 million…»
Like just about every other market segment in Arizona, medical center construction and development is moving rapidly. Heading into 2018, Banner Health was fresh off the completion of a $179 million emergency department expansion at Banner University Medical Center in Phoenix…»
Phoenix is among the top secondary markets in the US for office absorption this year. According to research from JLL, Phoenix has 1.2 million square feet of office absorption year-to-date, putting it in ranks with major growth markets, like Denver, Austin and Orlando…»