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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. …» |
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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. …» |
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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,”…» |
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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 Amazon.com…» |
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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.” …» |