Commercial Real Estate & Business News – September 24, 2014

Banks Seeing Lower Loss Rates on Commercial Real Estate

U.S. banks are seeing some of the lowest loss rates of the past six years on commercial real estate and construction loans, boosting their case for increased lending activity in the sector… Read more »

Five ?Whys? for Commercial Real Estate Investing

Commercial real estate is a unique asset class that warrants consideration by investors given the many benefits. The five of the key benefits of CRE investment are: A large investable universe, Income returns, Lower volatility, Diversification, and Inflation hedging. Large Investable Universe. After bonds (61.9 percent) and stocks (28.7 percent), CRE is the third largest asset class in the United States representing approximately… Read more »

‘Money’ Ranks Gilbert Among Most Livable Cities and Phoenix Among Best Bargains

Time Money released rankings for the most livable small cities and for the best bargain neighborhoods in big cities with Gilbert and Phoenix making the cut, respectively. The town of Gilbert ranked No. 22 in “Best Places to Live 2014” for cities with a population of 50,000 to 300,000 people, a jump from No.33 in 2012. The median family income is $85,872, the median home price is $242,541, the average property tax is $1,672 and projected job growth is 8 percent… Read more »

Mesa Riverview Area Lands Corporate HQ, 600 Jobs

Tempe-based photo-radar provider American Traffic Solutions will move its corporate headquarters and 600 jobs to a new office building planned at Mesa’s Riverview complex by fall 2015, the company announced Tuesday. Two Valley-based developers, Harvard Investments and Lincoln Property Co., are building the 250,000-square-foot Waypoint office complex in northwest Mesa near Alma School Road and Bass Pro Drive and are expected to break ground in January 2015… Read more »

Are Exurbs Making a Come Back?

For example, in Phoenix?s Maricopa County, median existing-home sales prices have rebounded by 82 percent since a low in 2011, while those in the exurban Pinal County, Ariz., have surged 65.5 percent, according to the Phoenix Association of Realtors… Read more »