Commercial Real Estate & Business News – March 21, 2017

With the quarter-point interest rate hike a done deal as of today, the Federal Reserve is signaling that the US economy is another step closer to full health after its slow recovery from the depths of the Great Recession. ...»
As President Donald Trump seeks to knock down government constraints on business loans, U.S. bank regulators have tentatively agreed to ease an appraisal requirement that could help commercial real estate borrowers, said people familiar with talks among the agencies. ...»

Albertsons Cos., the grocery-chain operator backed by Cerberus Capital Management, has held preliminary talks to merge with Sprouts Farmers Market Inc., people with knowledge of the matter said. The discussions, which took place in recent weeks, are at an early stage...»

The wall of CMBS maturities continues to come down, brick by brick, with 2017 fixed-rate multi-borrower maturities standing at $36 billion at the end of February, Fitch Ratings said Friday. That's off from $41 billion in Fitch-rated CMBS as of Jan. 31and $47 billion at year-end 2016. Not surprisingly, the overwhelming majority of loans ...»
Job gains are projected to improve and vacancy rates are expected to decline some this year in the Phoenix real estate market, according to a new forecast by Marcus & Millichap Inc. But Phoenix is still projected to have more empty office space than most other big U.S. real estate markets, according to the same forecast....»

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