Commercial Real Estate & Business News – May 11, 2015
New US Bank CRE Head Optimistic on 2015 Rudy tells GlobeSt.com that he expects that the economy will continue on its path of relatively measured growth, around 2% to 3% annual growth in GDP and the Fed will continue its policy of fostering a low interest environment. ?This bodes well for us in the long-term?… […]
Commercial Real Estate & Business News – May 8, 2015
Tempe Approves Twin Towers Project on Former Monti’s Site Tempe has given the approval to a pair of lakefront towers on the former site of Monti’s La Casa Vieja at the corner of Rio Salado Parkway and Mill Avenue. One Hundred Mill, the mixed-use Douglas Wilson Cos.-Hensel Phelps Development twin high-rises, has received final approval […]
Commercial Real Estate & Business News – May 7, 2015
Commercial Mortgage Originations, Including CMBS, Rising to Meet Refinancing Demand In J.P. Morgan?s estimates, year-to-date private label CMBS issuance has already outpaced the levels seen during the same period last year by 48 percent and remains on pace to reach at least $105 billion in new issuance for full-year 2015… Read more » TA Associates Pays $42+ […]
Commercial Real Estate & Business News – May 6, 2015
Economy Watch: CRE Benefits from Easier Money Regarding commercial real estate lending, the survey respondents (on the whole) reported easing standards on loans secured by nonfarm, nonresidential properties during the first quarter. A few large banks also said they’d eased standards on construction and land development loans, and some reported easing standards on loans secured […]
Commercial Real Estate & Business News – May 5, 2015
Haggen Prepares for Quick Entry into Phoenix Grocery Market It will only take 40 hours for grocery chain Haggen to take over and rebrand the Arizona grocery stores it acquired from Safeway and Albertsons… Read more » Rents Spike as Vacancy Continues to Tighten The Greater Phoenix multifamily market continued to ride a wave of momentum to […]
Commercial Real Estate & Business News – May 4, 2015
The Homeownership Rate Is Now the Lowest Since 1989, But There?s a Silver Lining The U.S. homeownership rate continued to decline in 2015, hitting its lowest level since 1989. But economists saw a silver lining in that number. The seasonally adjusted homeownership rate declined to 63.8% in the first quarter of 2015 compared with 65% […]
