Commercial Real Estate & Business News – November 4, 2016

The City of Peoria is continuing to push its economic development efforts with a new agreement with Plaza Companies on a critical 14-acre parcel at the southwest corner of Loop 101 and Peoria Avenue. …»
Multifamily investing fundamentals continue strengthening, yet the rate of growth has begun to moderate. That’s the top-line story from Freddie Mac’s latest study of using its Apartment Investment Market Index, issued Wednesday.…»

The appetite of internet-based sellers and other retailers for newly built logistics properties drove net absorption of industrial real estate to its highest total since early 2000 during the third quarter. …»

Every Western city’s food scene seems slowly to be turning into a carbon copy of every other: The same global fast-food chains selling hamburgers and fried chicken with only modest concessions to local tastes. …»
In 1986, the U.S. federal government created the Low-Income Housing Tax Credit (LIHTC) program as an indirect subsidy to encourage private investment in affordable housing. Since then, LIHTC properties have provided numerous opportunities for investors…»