Commercial Real Estate & Business News – December 28, 2016

This year held some surprises that could have an impact on commercial real estate, and the economy as a whole, in 2017. Here's a look at five commercial real estate trends to watch in the coming year...»

The Bureau of Economic Analysis' final estimate for third-quarter U.S. GDP growth was revised up to 3.5 percent, a considerable improvement from the final second-quarter estimate...»

If a company wanted to get a construction loan over the past couple of years, the terms were 65% to 75% loan-to-cost (LTC) and LIBOR plus 225. But as The Dodd-Frank Wall Street Reform and Consumer Protection Act has tightened lending standards, banks are now offering loans somewhere in the range of 55% LTC and LIBOR plus 300 to 350, according to Mitchell Kiffe, senior managing director at CBRE Capital Markets...»
Rockwood Capital and Alliance Residential Co. sold Broadstone Scottsdale Horizon in North Scottsdale, Ariz., to MG Properties. Located at 9259 E. Raintree Drive, the 330-unit multifamily rental community went for $51 million...»

Roosevelt Row appears on Instagram a lot. The downtown Phoenix arts district was named no. 22 in the " The Top 25 Most Instagrammed Art Spaces of 2016" by Vice's The Creators Project...»

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