Commercial Real Estate & Business News – October 30, 2017

Commercial real estate borrowers remain bullish on the financing climate despite some uncertainty about where financial regulation is heading and the specter of increasing interest rates. Exclusive research from NREI’s latest finance survey shows that confidence remains high that the good times are likely to roll a bit longer. A majority of survey respondents expect capital sources across the board…»

Commercial property pricing slipped by 0.2% in October, marking the sixth month in a row of declining values, Ten-X said Thursday afternoon. At just 3.1%, year-over-year growth in pricing across commercial real estate sectors is now the weakest since Ten-X instituted its monthly Commercial Real Estate Nowcast. …»

Construction has started on a 30-story apartment tower called the Link Phx that will add to downtown Phoenix’s growing skyline. The high-rise, going up on the northeast corner of Third and Pierce streets, will bring 257 apartments and 7,000 square feet of retail space to the area in August 2019. Link Phx is one of several apartment or condominium towers planned or under construction in downtown Phoenix…»

Just when it appeared the non-traded REIT sector was crumbling amid sharply declining sales volume, two of the world’s largest CRE investors have recently jumped into the space. Both appear to be targeting a source of capital previously overlooked by the big money firms: pooling individual “retail investors” buying securities on their own account rather than on behalf of large institutions.…»

The commercial crown jewel of both the Camelback Corridor and the Biltmore area, The Esplanade announced the completion of a 12-month revitalization that kicks off an incredible comeback for both this landmark mixed-use campus, and also this once again red-hot commercial district. Led by a partnership of California-based LBA Realty, who purchased the ± 1.0 M sq. ft. development…»