Commercial Real Estate & Business News – May 18, 2020
Here Are the Projects Driving the Boom in Downtown Phoenix DevelopmentWhen Hines began looking into developing its first multifamily project in Arizona, there were several attractive markets to choose from. Luxury apartment projects like the one Hines wanted to deliver to the Valley were hot commodities across the Valley, from Tempe to Scottsdale to the […]
Commercial Real Estate & Business News – May 15, 2020
Lenders Make Adjustments After Initial Shock of PandemicU.S. commercial real estate lenders are going through a period of price discovery following the onset of the coronavirus pandemic. Some remain active, but at a higher cost to borrowers depending on property and loan type. Commercial and multifamily mortgage loan originations decreased…» Is Curbside Pickup a Long-Term […]
Commercial Real Estate & Business News – May 14, 2020
Ducey: Arizona Stay-At-Home Order Expires Friday; Gyms, Pools, Sports Leagues Can Start Up This WeekGyms, spas and community swimming pools will be allowed to open Wednesday, and professional sports leagues will be allowed to begin practicing in Arizona after the state’s current stay-at-home order expires Friday, Gov. Doug Ducey said Tuesday. Movie theaters also were […]
Commercial Real Estate & Business News – May 13, 2020
Opportunistic Capital Prepares for Distressed Investment SpreeEven as COVID-19 continues to wreak havoc with the global economy-putting the majority of commercial real estate investment activity on pause-entities are lining up gobs of capital to pounce on distressed real estate opportunities expected to arise in the coming months. “Billions of dollars are being…» Anxiety, Relief, Joy: […]
Commercial Real Estate & Business News – May 12, 2020
Apartment REIT Reports Lowest Turnover in Its HistoryCamden Property Trust, a Houston-based real estate investment trust with 56,000 apartment units across the country, said about 2.5% of tenants deferred rent and 3.2% were delinquent in April as it had the lowest turnover in its history. In preparation for an uncertain…» WeWork’s Woes Cause Mortgage-Backed Bonds […]
Commercial Real Estate & Business News – May 11, 2020
Some States Are Reopening. Here’s What Office Landlords Can Do to Make Tenants Feel SaferGoing back to work in the office is a source of concern for employees, especially in states that have started to reopen or are getting ready to do so even as cases of COVID-19 in their populations are increasing. Despite warnings […]