Commercial Real Estate & Business News – September 3, 2015
‘If you liked 2015, you’ll like 2016’: Why the Phoenix economy can expect more of the same While there was no consensus on when the Federal Reserve might raise interest rates, 2016 may end up being more of the same for the Phoenix economy. “If you liked 2015, you?ll like 2016,” said local economist Elliott […]
Commercial Real Estate & Business News – September 2, 2015
P.B. Bell/Stonecutter Strikes Again…Venture Pays $31 + Million For 352 Apartments A joint venture formed by P.B. Bell Cos. and Stonecutter Capital Management LLC in New York City paid $31.025 million ($88,139 per unit) to buy the 352-unit Siena apartments at 4520 E. Baseline Road in Phoenix. The seller was a company formed by Mabry […]
Commercial Real Estate & Business News – September 1, 2015
CMBS Late-Pays Rise After July Decline Having moved slightly upward and downward throughout the summer, CMBS delinquencies continued the pattern in August. Trepp LLC says the delinquency rate for securitized US commercial real estate loans moved up three basis points in August to 5.45%… Read more » Stronger Sales, Traffic in July Boost RPI Driven by stronger […]
Commercial Real Estate & Business News – August 31, 2015
Economy Watch: Demographics to Boost Housing Market Over Next Decade? The U.S. housing market has had a rough decade, but according to the Mortgage Bankers Association, time is on its side. The most recent recession depressed household formation, but a new study released by the organization this week asserts that household formation, and thus the […]
Commercial Real Estate & Business News – August 28, 2015
Consumer Confidence Soars, Retail Spending Follows American consumers are finally spending again, which is good news for retailers and retail property owners. The increased spending corresponds to improved consumer confidence, and experts expect that trend to continue…Read more » Here’s What Top Housing Economists Think about Pending Home Sales Today Pending home sales were mostly unchanged in […]
Commercial Real Estate & Business News – August 27, 2015
Market Turmoil Makes September Rate Hike ‘Less Compelling’: Fed’s Dudley A Federal Reserve interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent market turmoil, an influential Fed official said on Wednesday in the clearest sign that fears of a Chinese slowdown are influencing U.S. monetary policy. […]
