Commercial Real Estate & Business News – December 11, 2015

The latest Commercial Property Prices Indices (CPPI) report produced by Moody’s and Real Capital Analytics (RCA) shows that prices in the commercial real estate universe have experienced double-digit appreciation over the past decade. According to the report, the national all-property composite index has shown cumulative appreciation of 38.0 percent since October 2005... Read more »
The question of whether the Federal Reserve decides at its meeting next week to raise its benchmark lending rate will rest upon “a foundation of solid economic trends that will also underpin increased space demand and propel rents in all types of commercial space,”... Read more »
Fairfield Residential has purchased the Cambria Luxury Apartments located near the northwest corner of Guadalupe and Gilbert. The $24.35 million transaction was financed through the assumption of an existing $10 million Fannie Mae loan as well as an additional $5.5 million in new debt with Fannie Mae.... Read more »
Home sales in metro Phoenix fell in October, and most home prices were flat. The condominium market is faring the best with only a small decline in sales and an uptick in prices. Overall, home sales were down 10 percent from September. And the Valley’s median home price stayed level at $225,000, according to a new report from the W. P. Carey School of Business at Arizona State University... Read more »
Despite improvements in the negative equity rate, underwater mortgages are holding back the housing market in the United States from full recovery, especially in hard hit areas, a new report suggests. The rate of negative equity among home owners dropped a full percentage point in the third quarter of 2015, from 14.4% to 13.4%, and down 16.9% from a year ago, according to the latest research from real estate firm Zillow... Read more »

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