Commercial Real Estate & Business News – September 18, 2014

The Chandler City Council on Thursday night approved zoning and a development agreement for Hines to develop the Chandler Viridian mixed-use project located near the Chandler Fashion Center and Loop 101/Loop 202 interchange. The 25-acre project will include a modern brand hotel, Class A multi-family and a central plaza with 250,000 square feet of Class A office and retail options along with a pedestrian promenade to Chandler Fashion Center…. Read more »
The resurgent CMBS market is enjoying its strongest month in seven years with about $15 billion of new mortgage-backed offerings being sold. The return of the CRE financing conduit has not gone unnoticed by investors, and firms such as Cushman & Wakefield and Principal Real Estate Investors expanding their CMBS services. When September ends, CMBS issuance is projected to be up 20% year-over-year… Read more »
With the number of housing units built in downtown Chandler since 2008 set to more than double, and more office and retail space expected to follow, the city is inching toward its goal of expanding its downtown south along Arizona Avenue to Loop 202. Chandler hopes to make Arizona Avenue, where aging businesses, homes and vacant lots dot each side of the thoroughfare north from Loop 202, its grand entrance from the south…Read more »
Homebuilders today are more confident in their sales expectations than they’ve been in nearly nine years. That’s the topline conclusion to be drawn from the latest National Association of Home Builders/Wells Fargo Housing Market Index, released Wednesday. The latest HMI index shows that builder confidence in the market for newly built, single-family homes… Read more »
A pair of new surveys on commercial real estate conditions reflects the growing sense of optimism as the U.S. economy continues to slowly shift from recovery into expansion mode, accompanied by a torrent of investment capital pouring into property markets. Caution persists, however, with memories of the Great Recession still vivid. The Third-Quarter 2014 Consensus Forecast Survey, compiled by the Pension Real Estate Association (PREA)…Read more »