Commercial Real Estate & Business News – April 24, 2017

Another 3,200 jobs could be coming to Tempe at a new development being built at the Loop 202 and 101 freeways. Freedom Financial Network - a Silicon Valley based online financial services and debt consolidation firm - has inked a 300,000-square-foot lease at Rio2100. That is a 52-acre development being built by The Boyer Co....»
Swamped by a deluge of retail bankruptcies, restructurings and resizings over the past two years, and experts contending that the U.S. is over-retailed, retail development remains at a pace well below historic highs. Approximately 81 million sq. ft. of retail space is forecast to be completed in 2017, according to CoStar. While that represents a healthy 35.8 percent increase over the 2016 figure...»

Calling GSE reform "the last piece of unfinished business from the 2008 financial crisis," the Mortgage Bankers Association on Thursday released a white paper outlining its plan for doing so. MBA's proposal would bring much higher levels of private capital into the secondary mortgage system, while preserving what works in the current system: namely, 30-year fixed rate single-family mortgages ...»

Fry's Food Stores parent company, Kroger Co., could be a logical buyer for Whole Foods Market after all. A Wall Street analyst wrote in a report to clients April 20, that a Kroger acquisition of Whole Foods (Nasdaq: WFM) would be a big benefit to Cincinnati-based Kroger (NYSE: KR). Edward Kelly, an analyst who tracks Kroger for Credit Suisse, wrote that a Kroger purchase of Whole Foods...»
Major steps announced Friday by President Donald Trump to roll back Dodd-Frank regulations and unveil a "massive" tax reform package next week are clearly manna from heaven for CRE investors and lenders, with nearly two-thirds of the executives surveyed by national law firm Akerman LLP believing Trump's pro-business policies will have a positive impact on the real estate industry this year....»

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