Commercial Real Estate & Business News February 22, 2019
Tech Company Moving its HQ to a Different Valley CityAfter 18 years in Tempe, Limelight Networks Inc. is moving its headquarters to Scottsdale this summer. The Tempe-based public technology company is moving its 230 local employees to the SkySong office project in August, said Sandra Brisentine, Limelight’s vice president of human resources. Limelight will occupy […]
Commercial Real Estate & Business News February 20, 2019
Commercial Real Estate Loan Growth PlateausInvestors and lenders dove into apartment and industrial mortgages in the final three months of last year while retail and office property lending slowed, setting a pattern industry executives expect to extend into 2019. Total commercial and apartment mortgage origination for 2018 rose 3 percent, after a 14 percent surge […]
Commercial Real Estate & Business News February 19, 2019
CRE Investors Start Putting Money Behind Defensive StrategiesInvestors appear to be keeping the foot on the gas in terms of acquisitions. According to research firm Real Capital Analytics (RCA), investment sales volume jumped 15 percent year-over-year in 2018 to reach $562.1 billion. But some investors are clearly retooling strategies to account for slowing growth and […]
Commercial Real Estate & Business News February 18, 2019
Nationwide Realty Investors Announce Plans for Cavasson, $950 Million Mixed-Use Development in ScottsdaleNationwide Realty Investors announced today that its 134-acre mixed-use development in Scottsdale, Arizona will be named Cavasson. The initial phase of the project, which will break ground in 2019, will include several commercial office buildings including the new 460,000-square-foot regional headquarters building for…» […]
Commercial Real Estate & Business News February 15, 2019
$2 Billion Palmeraie Project Breaks Ground in ScottsdaleFive Star Development broke ground for the first phase of a master-plan community called The Palmeraie on Wed. Feb. 13. The 122-acre community is on the border of Scottsdale and Paradise Valley. The first phase of the $2 billion community will be completed by the end of 2020. […]
Commercial Real Estate & Business News February 14, 2019
CRE Lenders Ended 2018 on a Strong NoteA strong fourth quarter lifted commercial mortgage originations by 3 percent in 2018 as multifamily and industrial originations drove investor activity, according to preliminary estimates from the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The MBA released its…» Yardi: National Rent Remains Flat, YOY Growth […]