Commercial Real Estate & Business News – September 28, 2015

A resurgence of interest only loans is a bit reminiscent of the frothy lending market that existed pre-recession. But while the rise in interest only loans is another sign that lenders are relaxing their tight grip, underwriting on commercial real estate loans remains markedly more prudent than compared to 2006 and early 2007…Read more »
Several studies have shown that a large portion of renters wants to buy houses, but they’re not ready to make the leap right away. Two-thirds of millennials surveyed by TD Bank said that think they will purchase a home in the next two years… Read more »
Michigan-based IPA Management LLC has bought a Camelback-area apartment complex for $20.5 million. Grand Haven, Michigan-based IPA has acquired the Sienna Springs Apartments on 15th Street north of Camelback Road in Phoenix… Read more »
Plans submitted for the RMB Business Park on behalf of owner Arizona Commercial Real Estate Services call for six buildings with a shared interior truck yard and truck wells. Access will be provided via two driveways on Arizona Avenue. Buildings will range from 11KSF to 69KSF, with individual tenant spaces available from 4,140SF to 14KSF… Read more »
Gilbert’s booming downtown Heritage District is proving it’s more than just a foodies’ paradise by bringing in new options for shopping, live entertainment and more. The town awarded two new projects to local development company MD Heritage this month… Read more »