Commercial Real Estate & Business News – February 12, 2015
Commercial Construction Activity Rising in 2015, Says AIA According to the latest American Institute of Architects’ (AIA) Consensus Construction Forecast, conducted in December, the national building activity level for non-residential real estate is climbing… Read more » Record Sales Volume and High Prices for Apartments in 2014 Prices for apartment properties rose again in 2014 as investors […]
Commercial Real Estate & Business News – February 11, 2015
$30M Health Campus in the Works Near St. Joseph’s Westgate Hospital Dr. John Simon, a radiologist who founded SimonMed Imaging Inc., plans to develop a $30 million health campus next to St. Joseph’s Westgate Medical Center in Glendale. He said this project at the northwest corner of 99th and Glendale avenues would be the first […]
Commercial Real Estate & Business News – February 10, 2015
Analysts Bullish on US CRE in 2015 The report entitled “Expectations & Market Realities in Real Estate 2015—Scaling New Heights” states that while challenges remain, the prevailing trends of strong demand, improving real estate fundamentals, and continued low interest rates that buoyed the markets in 2014 will continue for the near term… Read more » US Housing […]
Commercial Real Estate & Business News – February 9, 2015
Phoenix Construction Costs Expected to Rise On February 5, Mortenson released its quarterly Construction Cost Index report for Phoenix along with five other metropolitan areas in the U.S. According to the report, non-residential construction labor, material and equipment costs in the greater Phoenix area are forecasted to increase 3% in 2015.While costs fell in the […]
Commercial Real Estate & Business News – February 6, 2015
U.S. Hotel Sector Set for Stellar Performance in 2015 Despite some unknowns when it comes to travel?including currency exchange rates and political troubles abroad?the hotel industry?s comeback should continue throughout 2015, says Jan D. Freitag, senior vice president of STR, a global provider of research to the hotel industry based in Hendersonville, Tenn. The U.S. […]
Commercial Real Estate & Business News – February 5, 2015
Borrowers Rush to Refi, Helping Drive Competitive Pressure in CRE Lending Remember the ‘extend and pretend’ strategy many lenders adopted in the wake of the Great Recession when commercial property values plunged almost overnight putting a lot of borrowers under water? The bulk of those loan extensions started coming due in 2010 around the same […]
