Commercial Real Estate & Business News – June 3, 2015
Why Some Bank Economists Think the Fed Won’t Raise Rates until December Bank economists and Federal Reserve governors have a lot in common: They?re more cautious about their expectations for the economy after a lousy first quarter, but they still expect growth to pick up in the second half of the year. That?s why the […]
Commercial Real Estate & Business News – June 2, 2015
Developers Ask Phoenix for More Time to Buy, Redevelop ‘Psycho’ Barrister Building Developers are asking the city of Phoenix for more time in their bid to buy and redevelop the Barrister Place building in downtown Phoenix. The historic building was constructed in 1915 and featured in Alfred Hitchcock?s ?Psycho? movie in 1960. Apartment developer P.B. […]
Commercial Real Estate & Business News – June 1, 2015
Lenders Look Ahead ? Cautiously As loss rates in commercial real estate loans plummet, U.S. banks are once again competing to lend the funds that complete the deals. Commercial real estate lending is strong, with 2014 year-end loan balances matching the last peak market of 2007. However, the shadow of the Great Recession still lingers, […]
Commercial Real Estate & Business News – May 29, 2015
Tempe, ASU at Odds Over High-Rise Towers A new high-rise tower complex planned for downtown Tempe would bring hundreds of luxury apartments and hotel rooms to the city’s increasingly urban core, but Arizona State University President Michael Crow is concerned the buildings are too tall. Minneapolis-based Opus Development Co. has filed plans for a three-tower […]
Commercial Real Estate & Business News – May 28, 2015
Retailers Struggle To Find Balance Between Expanding Online or Opening More Stores Despite upbeat sales projections from retailers, strong consumer-confidence levels and a host of other positive-trending economic indicators, retailers are still struggling to find the best approach to funding growth in the new U.S. retail marketplace. According to BDO USA’s ninth annual analysis of […]
Commercial Real Estate & Business News – May 27, 2015
Multifamily Developers Favor Downtown, But Suburbia Holds Its Own In the midst of the Great Recession, vacancy in the multifamily sector hit a cyclical high of 8.0 percent. Over the next several years, the vacancy rate nearly halved, reaching 4.1 percent in early 2014. Vacancy now stands at 4.2 percent as of the end of […]
