Commercial Real Estate & Business News – November 2, 2017

Monthly declines in the delinquency rate for CMBS have now made it four in a row, with Trepp LLC reporting a 19-basis point drop from September’s reading of 5.4%. Improvements were registered for all five major property types, according to Trepp data, and year-to-date delinquency levels are lower than the year-end 2016 rate for the first time in 2017. …»

Securing bank construction loans has become a tough nut for developers to crack. Some banks have pulled back on allocations to new development, while banks across the board have become more conservative in deploying that capital. …»

It’s a time of evolution in retail, yet early-stage evolution should not be confused with end-stage disease for the sector. “Doomsday scenarios cited in news coverage are extrapolated to the entire industry, rather than to the vulnerable segments which are truly struggling,”…»

Construction has started on a $25 million mixed-use development in Scottsdale. Chauncey Lane ss another new development from DBM Venture and LGE Design Build. They’ve done other new projects in the East Valley. The mixed-used project comes as there all kind of changes in the retail landscape led by e-commerce and…»

As part of the recent settlement of litigation between the United States and the Barron Collier Company, the federally-owned 15-acre parcel located at the northeast corner of Central Avenue and Indian School Road is now “For-Sale.” The land, which is located amid the booming uptown Phoenix real estate market, is being marketed as the “Uptown Phoenix Parcel.” …»