Commercial Real Estate & Business News – November 3, 2016

There is no question that the mountain of CMBS loan maturities hanging over the commercial real estate market has been shrinking. Yet there is still a heavy load of high-leverage loans searching for refinancing capital at a time when the CMBS market is battling its own liquidity crunch. …»
U.S. commercial property pricing indices reached new historical highs in September, driving continued growth across all regions and property in the third quarter, according to the latest CoStar Commercial Repeat Sale Indices (CCRSI) release. …»

Brother and sister adaptive reuse development duo Jenifer Davis Lunt and Mark Davis are putting the finishing touches on their latest redevelopment. Davis Enterprises is redeveloping the former College Store building near Rural Road and Apache Boulevard in Tempe near Arizona State University.…»

Private developers, in cooperation with the Salt River Pima-Maricopa Indian Community, are exploring the idea of building a 20,000-seat multi-purpose event center south of the Scottsdale Pavilions and west of the 101 Freeway that they say could potentially house the Arizona Coyotes or Phoenix Suns, multiple sources told Arizona Sports this week.…»
Banner Health on Tuesday completed acquisition of 32 Urgent Care Extra facilities in metro Phoenix and Tucson in a move that adds more than 400 employees to one of the state’s largest private employers. In a Tuesday statement, the company said it is in the process of rebranding the locations as Banner Urgent Care facilities…»