Commercial Real Estate & Business News – September 14, 2015
Commercial Property Prices Continue to Rise Prices on commercial real estate assets continued to move upward in July, the most recent period for which data is available, according to Moody?s/RCA Commercial Property Price Indices (CPPI). The all-property composite index rose 0.7 percent during the month, and 2.8 percent during the three-month period leading to July […]
Commercial Real Estate & Business News – September 11, 2015
May we never forget…. Despite Investor Concerns of Overheating, Market Indicators Support CRE Pricing As commercial real estate prices have continued to surge, some have become concerned that valuations may be overheating or even reaching bubble levels as a combination of high demand, low interest rates and loosening loan underwriting standards contribute to a record […]
Commercial Real Estate & Business News – September 10, 2015
Housing Demand Expected to Surge Over Next 10 Years According to MBA Report In what it projects would be one of the strongest housing markets in U.S. history, the Mortgage Bankers Association (MBA) expects between 13.9 million and 15.9 million of additional households will be formed by 2024. The MBA report, titled “Housing Demand: Demographics […]
Commercial Real Estate & Business News – September 9, 2015
Bank CRE Default Rate Falls Below 1% This past quarter commercial real estate bank lending reached a happy milestone: the default rate for both multifamily and commercial loans fell below 1% for the first time since 2007, according to a quarterly report by Chandan Economics that will be released this week. Specifically, the combined multifamily […]
Commercial Real Estate & Business News – September 8, 2015
Forecast: Steady, Slow Growth for Arizona, U.S. The U.S. economy remains on course for steady growth, something that should help Arizona in the year ahead, a pair of economists told metro Phoenix business leaders Wednesday. The slowing Chinese economy has shaken financial markets here but should not significantly affect what is a relatively healthy labor […]
Commercial Real Estate & Business News – September 4, 2015
Siena Apartments Sell for Over $31 Million Scottsdale investors PB Bell Companies purchased the 352-unit Siena Apartments located west of the northwest corner of 48th Street and Baseline Road for $31.025 million, or $38,785 per unit. The sale was financed by a $27.525 million note with NXT Capital. Sellers Mabry Management had acquired the apartments […]
