Commercial Real Estate & Business News October 8, 2019

CMBS Issuance Trends Slightly Lower This Year Than in 2018 CMBS issuance volume might end this year slightly lower than in 2018, according to industry sources. At the end of September, U.S. CMBS issuance volume stood a $56.1 billion, according to Commercial Mortgage Alert, an industry newsletter. That figure is slightly behind the 2018 pace of $58.2 billion in CMBS issuance at the same period last year. By the end of the year, the figure…»
CoStar Economy: Trade War Looms Over Fed Deliberations
The trade war left its bruises all over the latest data reports. The ISM Manufacturing Index, an index of business confidence where 50 marks the difference between expansion and contraction, declined to 47.8 in September. The ISM Non-Manufacturing Index, representing a larger portion of the economy, fell but remained expansionary at 52.6. Combined, the…»
Developers Push to Convert Non-Healthcare Buildings into Outpatient Centers
The need for healthcare services in areas where there is little to no inventory or land for outpatient centers continues to grow. In response, developers are converting non-healthcare buildings into suitable buildings. One example of this trend is Meridian, a Marcus and Millichap affiliate. “We are heavily focused on purchasing properties and renovating them into mostly…»
Canadian Developer Plans Green-focused Office Building, Other Projects in Tempe
When Canadian business partners Sam Gordon and Kendal Harazny founded Wexford Developments in Calgary, the two were driven to “locate irreplaceable real estate in pedestrian-friendly, urban areas. “One Valley area fits that description.”Downtown Tempe really resonated with me personally,” Gordon said. Since his first visit to the Phoenix area, Wexford has bought…»
Thunderbird School of Global Management Breaks Ground on New HQ
Arizona State University’s Thunderbird School of Global Management will break ground Monday on a new state-of-the-art global headquarters on ASU’s Downtown Phoenix campus. The construction of a cutting-edge hub of international leadership underscores ASU’s commitment to Thunderbird and its students from around the world and to the importance of…»