Commercial Real Estate & Business News – August 18, 2015
Arizona Consumers Feeling Best Since Downturn Began in 2007 An improving job market has helped push Arizona?s consumer confidence back to pre-recession levels, a new survey has found. The latest measure shows the state?s attitudes lag the nation?s more optimistic sentiment, and Arizona?s good feelings are concentrated in Maricopa County. Still, the highest statewide reading […]
Commercial Real Estate & Business News – August 17, 2015
Phoenix Outlook Strong Despite Losing Mega-job Projects Losing a couple of mega-job projects to other markets is a real hurt for metro Phoenix. This is especially true when both of the projects were naturals for the Valley. There?s more to the story of why two companies that would have generated around 3,000 high-paying jobs did […]
Commercial Real Estate & Business News – August 14, 2015
More Restaurant Chains Cooking Up Plans to Cash In on Real Estate With CRE property values near or exceeding their eight-year-ago peak valuations, several restaurant chains have cooked up plans to cash out on some of their owned eateries. This past week, Wendy’s International Inc. and Bloomin’ Brands, owner of Outback Steakhouse, Carrabba’s Italian Grill […]
Commercial Real Estate & Business News – August 13, 2015
NOI Trends Among Property-Backed CMBS Remain Strong in Post-Crisis Era Net operating incomes [NOIs] for performing securitized loans that have reported year-end 2014 financials were up 2.7% above their underwritten levels, signaling a strong but uneven growth in performance, according to the latest analysis from CMBS bond rating agency analysis. Overall, Nomura Securities International noted […]
Commercial Real Estate & Business News – August 12, 2015
Liberty Property Breaking Ground On 215,000-square-foot Industrial Building In Tempe Developers of the Liberty Center at Rio Salado are breaking ground on a 215,000-square-foot flex building, the fourth structure at the site and the first industrial building. The new building, which is expected to have its shell completed by year-end, is being developed to U.S. […]
Commercial Real Estate & Business News – August 11, 2015
Billions Of Dollars In New Headaches Ahead For Old Real Estate Deals A signature financial instrument of the pre-financial crisis real estate boom is about to come due. And for some large real estate owners – particularly in the Midwest and Southeast – that could mean trouble. More than $53 billion out of $156 billion […]
