Commercial Real Estate & Business News – November 3, 2016
“Problem” Loans Create a Drag on CMBS Refinancing There is no question that the mountain of CMBS loan maturities hanging over the commercial real estate market has been shrinking. Yet there is still a heavy load of high-leverage loans searching for refinancing capital at a time when the CMBS market is battling its own liquidity […]
Commercial Real Estate & Business News – November 2, 2016
Rusty Lyon, Arizona Mall Developer, Dead at 86 The next time you are shopping at Scottsdale Fashion Square, having dinner at the Arizona Biltmore or dropping your kids off at Chandler Fashion Center, thank Rusty Lyon. He’s the visionary developer who saw metro Phoenix’s growth coming and launched…» Drug Store Cap Rates Jump, Reversing Long-Term […]
Commercial Real Estate & Business News – November 1, 2016
Homeownership Rate Still Has Room to Bottom Out When will the homeownership rate bottom out? It’s a good question without a definite answer, but obviously we haven’t found the bottom yet. The most recent reading of 62.9% matches the historical record-low set back when the government first began tracking these data…» Arizona Taxable Sales Showing […]
Commercial Real Estate & Business News – October 31, 2016
HAPPY HALLOWEEN! Why Retailers Are Opting For Uptown Phoenix in Lieu of Scottsdale If you’re in the need of a shopping spree – cue ’80s music montage in the dressing rooms – then you’re more than likely not going to Scottsdale. Shopping is the most-frequently participated in activity for both overnight and day-trip domestic visitors […]
Commercial Real Estate & Business News – October 21, 2016
Here’s Why Housing Remains a Bright Spot in the Economy Housing remains a bright spot for the economy in October. It’s not a statement you expect to hear as we look at the rising home prices and dwindling inventory, but it’s exactly what Freddie Mac stated today in its monthly Outlook for October. Consumer […]
Commercial Real Estate & Business News – October 20, 2016
Consumer Spending Leading Economic Growth, Says Moody’s Consumer spending in the U.S. has been growing by about 3 percent year-over-year, which is weak by historical standards when the country is not in a recession. However, the risks going forward are weighted to the upside, says Moody’s Senior Director Scott Hoyt…» More Pension Fund Money Flowing […]