Commercial Real Estate & Business News – December 1, 2015
Phoenix Emerges as Hotspot for Data Centers As more global companies move data and information to the cloud, the cloud itself is actually moving closer to them. Phoenix and other North American data center markets have emerged as hotspots as operators and cloud providers follow affordable utility rates, tax incentives and a demand for expanded […]
Commercial Real Estate & Business News – November 30, 2015
Underwriting Relaxes in Multifamily: Trepp Expect more CMBS issuance backed by multifamily properties in the coming years. That’s the long-term prediction by Trepp LLC in a newly issued study of the apartment sector, which also cites increased investment in multifamily as a result of loosening underwriting standards. “The multifamily sector has shown generally strong occupancy […]
Commercial Real Estate & Business News – November 25, 2015
Half of Americans Plan to Visit a Mall or Shopping Center on Black Friday More than 7 in 10 Americans (71 percent) plan to stock up on holiday gifts and merchandise over Thanksgiving weekend (Thursday–Sunday), according to the International Council of Shopping Centers (ICSC) Black FridayShopping Study… Read more » More REITs Likely To Go Private, Banker […]
Commercial Real Estate & Business News – November 24, 2015
New Home Permits in Phoenix Show Robust Growth; Price Gains Much More Modest New home permits taken out by home builders for Phoenix-area construction were up almost 77 percent in October compared to a year ago and are up more than 46 percent year-to-date versus 2014. But the volume of new home sales, while up, […]
Commercial Real Estate & Business News – November 23, 2015
Retail, Office Loans Lead Surge in Originations Third quarter 2015 commercial and multifamily mortgage loan originations were 12% higher than during the same period last year and 3% higher than the second quarter of 2015, according to the Mortgage Bankers Association. Increases in originations for retail and office properties led the overall increase in commercial/multifamily […]
Commercial Real Estate & Business News – November 20, 2015
Despite Another Strong Quarter, Questions Ahead for Some REITs So far, 2015 has been a noteworthy year for the apartment REITs. Two longtime public companies, Home Properties and Associated Estates, were sold. And Equity Residential announced it was selling 23,262 apartment units to Starwood. With those transactions in the background, dispositions were obviously at the […]
