Commercial Real Estate & Business News – January 19, 2015
Martin Luther King, Jr. in a speech titled “Beyond Vietnam,” delivered April 4, 1967, in New York, he showed he didn’t see anything through rose-colored glasses, and admitted that he wasn’t super hopeful about the US’s prospects in Southeast Asia: “The world now demands a maturity of America that we may not be able to achieve.” […]
Commercial Real Estate & Business News – January 16, 2015
Meritex Developing Industrial Project Near Chandler Airport After entering the Valley market last year with the purchase of an industrial project in the Deer Valley area of north Phoenix, Meritex Enterprises Inc. in Minneapolis, Mn. (Paddy McNeely, CEO) is now going to develop and industrial project in Chandler. Meritex plans to develop 210,926 sq. ft. […]
Commercial Real Estate & Business News – January 15, 2015
Mezzanine Financing on the Upswing as Industry Sees More Construction Borrowers have a growing appetite for mezzanine loans that is fueled by redevelopment and refinancing activity, as well as the return of new construction. Terra Capital Partners, a New York-based fund manager, has seen its mezzanine lending volume double over the past year and the […]
Commercial Real Estate & Business News – January 14, 2015
Top 5 Predictions for the Multifamily Sector in 2015 In the year ahead, demand for multifamily properties in urban areas and in the affordable housing sector will continue increasing, while appetite for luxury condos may slow down, predicts Byron Carlock, Jr., U.S real estate practice leader with consulting firm PwC. Carlock, whose past stints included […]
Commercial Real Estate & Business News – January 13, 2015
Economy Watch: Job Gains Point to Higher Demand for Most Property Types In the Bureau of Labor Statistics monthly jobs reports, the devil’s always in the details. Overall, December turned in a strong report, with an addition of a net of 252,000 jobs nationwide, but it’s also a good report for various commercial real estate […]
Commercial Real Estate & Business News – January 12, 2015
Builders Slow Phoenix Land Purchases in 2014 Homebuilders cut their spending on metro Phoenix land during 2014 as new home sales fell. Last year, builders spent $510 million on Valley land, according to Scottsdale-based Land Advisors Organization. That compares with $709 million in 2013 ? the most spent on land by home builders in the […]
