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Commercial Real Estate & Business News – October 3, 2017

The CoStar Commercial Repeat-Sale Index (CCRSI) ended this past summer much as it began, with upward momentum in pricing momentum for commercial real estate as both national composite indices advanced by a healthy margin for the 12-month period ending in August, driven by improving price conditions for smaller, lower-end properties in markets across the U.S. …»

Morgan Stanley announced Friday it agreed to buy commercial real estate credit platform Mesa West Capital. Is this a smart move for Morgan Stanley or is the investment bank repeating an old mistake? Let’s take a look at what Mesa West is and what it’s been up to. Based in Los Angeles, Mesa West Capital is a privately held portfolio lender that finances commercial real estate acquisitions, refinancings and recapitalizations. Founded in 2004 by Jeff Friedman and Mark Zytko, former directors at Credit Suisse First Boston, Mesa West also has offices in…»

Multifamily vacancies are rising, supply is unevenly distributed throughout the country and the pipeline remains robust, according to a new report from Ten-X Research. September’s Ten-X Commercial Capital Markets Update focuses on key fundamentals for this sector and tackles how well new supply is expected to absorb. …»

Gilbert ranked as the 52nd fastest growing U.S. city, and Tempe ranked as 85th fastest growing out of 515 US cities assessed in a study by WalletHub. WalletHub’s study, 2017’s Fastest-Growing Cities in America, observed the growth and decline of 515 cities of varying sizes throughout a seven-year period. Tempe ranked 55th for socio-demographics – which were defined by population growth, working-age population growth and college-educated population growth. …»

Using Amazon’s Request for Proposal (RFP) and CoStar’s unparalleled database of commercial real estate information, the CoStar Market Analytics team developed a ranking of potential Amazon HQ2 destinations among metros with more than 1 million people. The rankings weigh: % of a metro’s population holding a bachelor’s degree or higher, the total number of computer and mathematics jobs in the metro, the rate of tech-related job growth from 2013-15, the total amount of proposed office space tracked by CoStar…»