Commercial Real Estate & Business News March 4, 2019
Office Sales Dropped Off in January on Market Volatility, But Are Expected to Pick Up PaceMarket volatility in the fourth quarter of 2018 led to a sharp drop-off in investment sales in the office sector in January, according to the most recent report from research firm Real Capital Analytics (RCA). Office sales volume declined by […]
Commercial Real Estate & Business News March 1, 2019
CMBS 30+s Day Delinquency Rate Fell to 3.11% in DecemberRecent reports from research firm Trepp and ratings agency Fitch show that CMBS delinquencies noticeably improved at the end of 2018. In December, the most recent period for which data is available, the 30+ day delinquency rate for all commercial property types dropped to 3.11 percent, […]
Commercial Real Estate & Business News February 28, 2019
Banks Are Gearing Up for Another Strong Year in CRE LendingThe Mortgage Bankers Association (MBA) recently reported another stellar year for commercial/multifamily mortgage originations in 2018. Although the MBA will release final data next month, results from its fourth quarter mortgage originations survey point to volume that could be 3 percent higher than the record […]
Commercial Real Estate & Business News February 27, 2019
Arizona’s Economy, Growth, Jobs Expected to Outpace U.S. AveragesWith continued low unemployment rates, sustained population growth and surges in key industries, Arizona’s economy continues its positive trajectory. These were the findings presented last week by prominent economist Dr. Christopher Thornberg of Beacon Economics at the Alliance Bank of Arizona 2019 Economic Forum. Steady growth was…» […]
Commercial Real Estate & Business News February 26, 2019
Arizona’s Economy: More Signs the Expansion Remains on a Roll (and May be Getting Better)Arizona’s economy isn’t just rolling along but might actually be picking up steam, according to a couple of new assessments last week. The Arizona Office of Economic Opportunity projected the state will add nearly 166,000 jobs over a two-year period, and […]
Commercial Real Estate & Business News February 25, 2019
This Valley City is Poised to Become the Next Economic Hot SpotWith a regional airport, ample freeway frontage, and large swaths of available land, Goodyear has quietly developed into the Phoenix region’s next economic hot spot. The southwest Valley city has a high median income and an educated workforce eager to stay closer to home […]