Commercial Real Estate & Business News October 17, 2019

5 Forces Directing CRE Capital Flows These are interesting times for the real estate capital markets. Despite the growing wall of money dedicated to property investments and the decreased cost of borrowing, transactions have slowed down. A panel of experts at the New York University Schack Institute’s annual Women in Real Estate Symposium discussed the key factors controlling investors’…»
Banks Ride High on Consumer Spending but IPOs Lose Luster
Despite warnings signs of a possible recession, the American consumer is still swiping cards, driving new cars, and buying up houses, helping to boost the banking sector in the most recent quarter, according to earnings season reports released this week. “The strength of the large bank results today is on the U.S. economy and the U.S. consumer,” said Ken Leon, director of…»
Economic Outlook Remains Healthy for Multifamily Industry
While economic growth is starting to slow, fundamentals for the multifamily industry remain strong, according to John Sebree, first vice president and national director at Marcus & Millichap, and Ryan Severino, chief economist at JLL. The two industry leaders were part of the annual Economic Outlook session at the Multifamily Executive Conference in…»
After the Recession, Valley Office Construction Moved East, Report Says
In the more than a decade since the Great Recession, office construction in the Phoenix area has steadily moved eastward, concentrating heavily in Tempe, Chandler and Gilbert. According to a study done by Commercial Café using Yardi Matrix data, the Valley increased total office inventory by 13.6% during the 10-year period…»
LivCommunities, Ryan Cos. Break Ground on Scottsdale Senior Housing
Construction has begun on LivGenerations Mayo Blvd., a luxury senior living community in Scottsdale, Ariz., that will have 181 units and provide independent living, assisted living and memory care for seniors. The property, comprising 285,212 square feet, is located less than 2 miles from the Mayo Clinic and is being developed by Liv Communities and Ryan…»