Commercial Real Estate & Business News – November 30, 2015

Expect more CMBS issuance backed by multifamily properties in the coming years. That’s the long-term prediction by Trepp LLC in a newly issued study of the apartment sector, which also cites increased investment in multifamily as a result of loosening underwriting standards. “The multifamily sector has shown generally strong occupancy and financial performance,”… Read more »
When Pita Jungle moved into its new Tempe location at Mill Avenue and University Drive in November, it took over a high-profile spot at the gateway to one of the Valley’s most popular entertainment districts. Yet, this has been a challenging space for restaurateurs. In fact, Pita Jungle is the sixth business to occupy what has been a revolving door of restaurants and bars in a spot that has been left vacant or unable to sustain a longtime eatery for several years… Read more »
As healthcare reform continues to be a major focus, there are many challenges on the horizon. Some see steady growth ahead in the medical office field, recognizing that we are just at the beginning of the aging of the baby boomers. Both private equity firms and more institutional players are seeing the need for more suburban medical office development and even large-scale medical campuses as the health care industry consolidates, according to ULI Emerging Trends 2016… Read more »
Camelview is closing, along with the Harkins Fashion Square theater inside the mall, because Scottsdale-based Harkins is opening a new theater in a new wing on the east side of the mall by Barney’s. A date has not been announced for the closing of the Harkins Fashion Square theater. The 14-screen Camelview at Fashion Square is scheduled to open Dec. 17, just in time for the new Star Wars film… Read more »
An era of relentless expansion for American shopping centers is coming to an end as a toxic brew of overbuilding, the rise of e-commerce and a wave of retailer bankruptcies force landlords to reimagine once-lucrative properties. Some owners are converting struggling malls into apartments, offices and industrial space, while others are turning big chunks of retail space into parks and playgrounds to keep shoppers interested… Read more »