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Commercial Real Estate & Business News October 26, 2018

According to Redfin’s latest migration analysis, in the third quarter of 2018 people continued to relocate from costly coastal markets like San Francisco, New York, Los Angeles and Washington, D.C. Now, cities like Atlanta, Phoenix and Sacramento are enticing thousands of potential new buyers due to their affordability.…»
CMBS lenders are working harder to retain market share in a highly competitive sector where the overall pie for conduit lending doesn’t appear to be getting any bigger. CMBS issuance, which started out the first half of the year with a solid increase in activity, has slowed noticeably in the third quarter.…»
CBRE has released its Q3 MarketView reports, which analyze the third quarter performance of metro Phoenix’s office, retail and industrial commercial real estate sectors. Overall, the market exhibited strong activity across all property sectors. “Metro Phoenix remains one of the fastest growing regions…»
Toll Brothers Inc. is grading 800 acres to pave the way for 2,200 homes in Surprise, a rapidly growing suburb northwest of Phoenix. The $250 million project is within the 3,200-acre Prasada master-planned community being developed by a partnership composed of Salt Lake City-based Suburban Land Reserve Inc., Macerich…»
Meritage Homes Corp. (NYSE: MTH) is shifting its focus away from luxury homes and move-up markets to more affordable homes. While the Scottsdale-based homebuilder will finish building its luxury home and move-up communities through the next couple of years, a stronger focus is being made on affordable housing. Any incentives offered…»