Commercial Real Estate & Business News – January 3, 2018
Construction Claws Back from Recession, ‘New Normal’ Still Unclear WASHINGTON – It was what one expert called “the mother of all booms.” Just over a decade ago, Arizona’s construction industry was leading the country in residential and commercial building. People were waiting up to a year for a house, even as builders were throwing new […]
Commercial Real Estate & Business News – January 2, 2018
Total Rents Hit New High In 2017 Renters including both apartment and single-family home tenants shelled out a record $485.6 billion in 2017, Zillow said Thursday. That represents an increase of $4.9 billion, or slightly more than 1%, from 2016. “Renters spent more than ever on rent this year, but the amount they spent grew at […]
Commercial Real Estate & Business News – December 29, 2017
Holiday Shopping Rebound Dispels Doomsday Chatter for Retail in 2018 The retail industry is hoping that two months of some of the highest sales in five or six years will carry into 2018 and expunge the bitter aftertaste of record retail bankruptcies and nearly 7,700 store closures in 2017. Retail employment heading into the Christmas […]
Commercial Real Estate & Business News – December 28, 2017
How CRE Investors Could Cash in On the Tax Bill President Trump signed the new Tax Cuts and Jobs Bill on Dec. 22, effectively putting the final seal of approval on the most substantive tax law changes that the country has seen in 30 years. It may take some time to crunch the numbers to […]
Commercial Real Estate & Business News – December 27, 2017
Apartment Sector Boom Set to Continue in 2018 As 2017 comes to a close, multifamily investors and developers are getting ready for another year of steady demand. “Overall, we expect that same stability to hold in 2018, with occupancy and rent growth anticipated to basically mirror 2017’s statistics,” says Greg Willet, chief economist for RealPage […]
Commercial Real Estate & Business News – December 26, 2017
Fewer Originators As CMBS Credit Metrics Rise The past year has seen CMBS credit metrics improve marginally over deals that came to market in over the two previous years, Fitch Ratings said Thursday. However, the ratings agency also sees continued “bar-belling” between stronger and weaker loans in a securitization. “Bar-belling is an issue because the stronger […]