Commercial Real Estate & Business News – November 17, 2020

Apartment Investors Mull Opportunities in Distressed Malls
Apartment dealmakers may find an opportunity to build new apartments around the shells of under-performing or empty regional malls. Hundreds of troubled shopping malls may be seized by lenders over the next year, experts say. “In the current market with the pandemic, the number of properties…»
Downtown Phoenix, Tempe are Key Parts for ASU’s Real Estate Expansion
Momentum in both Tempe and downtown Phoenix is driving Arizona State University’s future real estate expansion, as officials plan even more development to accommodate students, athletics and cultural growth. In downtown, the university campus could grow to 20,000 students, ASU President Michael…»
Can Apartment Players Finally Exhale?
After months of suffering because of the Coronavirus pandemic, the multifamily sector is finally getting not just one good report but, instead, a healthy batch of good news. Several indicators are pointing to a change in landlords’ near-term fortunes while, for both the medium and long-term, the beginnings…»
CBRE Chief Economist: Cap Rates Will Trend Down When Crisis Alleviates
Despite seeing economic headwinds in the short-term, and fall-out from the Presidential election, CBRE Global chief economist and head of Americas research Richard Barkham anticipates a recovery starting to take place in 2021. The executive has authored a new paper on the firm’s outlook for next…»
Mall Owners Simon and Taubman Revise Merger Terms, with $800 Million Price Cut
Luxury mall owner Taubman Centers has agreed to a lower price to merge with the biggest mall owner in America, Simon Property Group, the companies announced Sunday, evading what could have been a heated legal battle during the holidays. Under the new deal, Simon will now pay $43 per share…»