Commercial Real Estate & Business News – August 13, 2015

Net operating incomes [NOIs] for performing securitized loans that have reported year-end 2014 financials were up 2.7% above their underwritten levels, signaling a strong but uneven growth in performance, according to the latest analysis from CMBS bond rating agency analysis. Overall, Nomura Securities International noted a "healthy dynamic for commercial real estate performance" is currently in place... Read more »
Investors are pushing commercial real-estate prices to record levels in cities around the world, fueling concerns that the global property market is overheating. The valuations of office buildings sold in London, Hong Kong, Osaka and Chicago hit record highs in the second quarter of this year, on a price per square foot basis, and reached post-2009 highs in New York, Los Angeles, Berlin and Sydney... Read more »
Both Theranos, a Scottsdale health-technology and medical-laboratory-services company and Zenefits, which offers cloud-based software as a service to companies for overseeing their human resources are listed among the Top 15 most valuable startups according to a recent report by the Wall Street Journal... Read more »
New-home sales have been edging up since 2012, and the builder's trade group predicts that sales will to continue to rise for the rest of the year and into 2016. "Strong job gains are bolstering housing demand," notes economists at the National Association of Home Builders' Eye on Housing blog. "Rising builder confidence, housing starts, and low interest rates all point to continuing recovery in the housing sector, even as industry headwinds, including access to lots and labor, will produce bumps along the road."... Read more »
The city of Phoenix has issued a new request for proposals for redevelopment of the historic Barrister Place Building downtown. The city wants to sell the 100-year-old building at Central Avenue and Jefferson Street for at least $2.28 million, according to city documents. The building was featured in Alfred Hitchcock’s movie “Psycho” in 1960... Read more »

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