Commercial Real Estate & Business News – July 22, 2013
Office/Industrial: Money In The Market As recent as two years ago, commercial foreclosures were affecting the markets and underlying property values. Then talk surfaced that the “blue blood” money was back and looking to make deals. Fast forward to 2013: Is this still the case? “In regards to office and industrial, the blue blood’ is […]
Commercial Real Estate & Business News – July 19, 2013
Market Trend: Phoenix’s Office Vacancy Decreases to 19.4% The Phoenix Office market ended the second quarter 2013 with a vacancy rate of 19.4%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 183,607 square feet in the second quarter. That compares to positive 227,364 square feet in the first quarter […]
Commercial Real Estate & Business News – July 18, 2013
Working Bs: Investors Like Value-Add MF In recent months, multifamily acquisitions and dispositions have focused on the huge, class A sales such as Bascom Arizona Ventures LLC (which made its return to the market in late 2012) and Equity Residential Trust (which has been systematically shedding its local portfolio since early 2013)… Read more The […]
Commercial Real Estate & Business News – July 17, 2013
Lakeview Village Retail Center of Gilbert sells for $12.15M A Los Angeles-based investor, Farid Safaie-Kia, has purchased Lakeview Village out of special servicing for $12.15M or $106 per square foot. No debt was recorded with the sale. The seller was LNR Partners as special servicer for the benefit of a US Bank-administered commercial mortgage-backed security […]
Commercial Real Estate & Business News – July 16, 2013
Commercial Real Estate Investment Environment Continues to Improve The commercial real estate industry continues to keep a steady pace of growth through the first half of the year as consumers and businesses are proving that they are committed to moving forward, according to CCIM Institute, one of the largest global commercial real estate networks, in […]
Commercial Real Estate & Business News – July 15, 2013
Fannie Mae Maintains a Steady Pace of Multifamily Issuance in the Second Quarter Fannie Mae announced today that the company issued approximately $7.6 billion of multifamily MBS in the second quarter of 2013, backed by new multifamily loans delivered by its lenders. Fannie Mae also resecuritized $3.0 billion through its Fannie Mae Guaranteed Multifamily Structures […]