Commercial Real Estate & Business News – May 21, 2013
Euphoria Reigns at RECon This is my 12th trip to ICSC’s flagship event in the past 14 years and the thing that strikes me every time is the boundless optimism of retail real estate pros. Even in 2008 – when the Las Vegas Convention Center was reduced to a ghost town by the Great Recession […]
Commercial Real Estate & Business News – May 17, 2013
Retail Rent Growth Finally Takes Root Across U.S. Metros Following a recent string of relentlessly unexciting market trends in retail real estate over the past several quarters comes this distinctly positive news for retail property owners — quoted asking rents have finally turned upward across all retail property types in the U.S. for the first […]
Commercial Real Estate & Business News – May 16, 2013
Confidence and the Consumer Younan Properties Inc. is known for its investments in office properties, but it’s no stranger to retail product. In April, chairman and CEO Zaya Younan expanded the company’s footprint in that arena as it re-entered the Phoenix market through the all-cash purchase of a 137,552-square-foot foreclosed retail center, Scottsdale Promenade… Read […]
Commercial Real Estate & Business News – May 15, 2013
Running to Stand Still: The Office Sector Sees Marginal Improvements The national office vacancy rate declined by 10 basis points during the first quarter to 17 percent, marking exactly the same pace as the decline recorded in the prior quarter. If demand for office space was more robust, vacancies would be declining at a much […]
Commercial Real Estate & Business News – May 14, 2013
Big CMBS Play Will Put KeyBank into Top Tier of Servicers KeyBank Real Estate Capital, the CRE business unit of KeyCorp, Cleveland, has entered into a series of agreements that reportedly will make it the nation’s third-largest named servicer of commercial/multi-family loans, with a commercial mortgage servicing portfolio of about $205 billion… Read more Lodging […]
Commercial Real Estate & Business News – May 13, 2013
Market Trend: Phoenix’s Retail Deliveries, Construction and Inventory During the first quarter 2013, seven buildings totaling 88,451 square feet were completed in the Phoenix retail market. Over the past four quarters, a total of 968,842 square feet of retail space has been built in Phoenix. In addition to the current quarter, 15 buildings with 542,958 […]
