Commercial Real Estate & Business News – March 2, 2017

The current growth phase is proving to be the energizer bunny of real estate market cycles, and it appears that there is still plenty more power to keep it going. Since hitting bottom in 2009, the current cycle is now entering year eight of its upward trajectory. And despite signs that growth is slowing...»
Construction of new apartments may finally be cooling and home building may be moving more this year. That is according to a new regional research report from Colliers International Group (Nasdaq: CIGI). And commercial real estate brokerage stocks are up so this year. ...»

The North American big-box sector just finished a historic year, as speculative deliveries soared past build-to-suits, and users quickly moved to fill in much of the new space. The researchers believe the splendid run of expansion will continue into 2017...»

One of Arizona's best hotels has been purchased with the intention of turning it into a chain. L'Auberge de Sedona, along with its sister property Orchards Inn Sedona, have been purchased by Maryland-based DiamondRock Hospitality Co. (NYSE: DRH) for $97 million...»
Last year, $502 billion in commercial mortgages was originated. That was down slightly from the $504 billion originated the year prior and well shy of the $537 billion that the Mortgage Bankers Association (MBA) had predicted. ...»

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