Commercial Real Estate & Business News – December 9, 2015
Phoenix Children’s Hospital Breaks Ground on $60M Project Phoenix Children’s Hospital broke ground today on a $60 million project that will include a $40 million emergency department and a Level 1 pediatric trauma center. The center will accommodate 100,000 patients, up from PCH’s existing capacity of 22,000 patients. More than 83,000 patients walked through the […]
Commercial Real Estate & Business News – December 8, 2015
National Multifamily Rents Dropped in November, Yardi Says Heading into the winter months, multifamily rents are showing their typical seasonal mild growth, according to Yardi’s Matrix Monthly, which surveys 111 markets across the nation. In November, national rents dropped just $1 to $1,165, after rents had previously grown for nine consecutive months. However, rents increased […]
Commercial Real Estate & Business News – December 7, 2015
Location Drives Retail in Evolving Market The Metro Phoenix retail market posted its 16th consecutive quarter of declining vacancy. The vacancy rate declined to 11.1% at the end of the third quarter with neighborhood and community centers drawing the most leasing activity. Metro Phoenix recorded nearly 552,000 square feet of occupancy growth during the quarter, […]
Commercial Real Estate & Business News – December 4, 2015
RealShare Panelists Bullish on Phoenix Future Panelist Elliot Shirwo, EVP of Bolour Associates, said that there is a lot of upside potential in Phoenix. Most of the deals that Shirwo has done in Arizona have been in the retail sector. “We feel like through the downturn, there was some recalibration on values,” he said. “We […]
Commercial Real Estate & Business News – December 3, 2015
CRE Lending Leads Bank Asset Growth in Third Quarter Commercial real estate loans and securities helped boost total FDIC-insured banks and savings and loans $46.5 billion in the third quarter of 2015 from mid-year to $15.89 trillion. Total loans and leases increased by $95.3 billion, approximately 1.1%, led by nonfarm nonresidential real estate loans, which […]
Commercial Real Estate & Business News – December 2, 2015
Consolidation Continues to Influence MOB The property market in the hospital and health care provider segment faces a series of changes that are designed to provide greater efficiency in delivery of healthcare services. These changes are significant in property terms because of the trend of consolidation. The already existing national trend of hospitals establishing off-campus […]
