Commercial Real Estate & Business News – March 27, 2017

Investors around the world aren't panicking when it comes to commercial real estate, and especially not North American real estate-they still want a piece of the action. That's one of the prime takeaways from the CBRE Global Investor Intentions Survey, which was released this week based on input from about 2,000 investors (and coming on the heels of the company's Americas Investor Intentions Survey, released last week)...»

 
Apartment deal volume continued to decline on a year-over-year (YOY) basis with a 22% drop in February, on sales of $7.4 billion, according to Real Capital Analytics (RCA). This change, while still large, was not as severe as the 56% YOY decline in market volume noted in the firm's US Capital Trends Apartment Report in January...»
 

Downtown Phoenix has been a particular hot spot for infill projects from retail to hotels to apartments. But where are the next markets? Here are the five areas that could pan out to the be the next place that vacant plots of land and unused buildings find new purpose...»

A venture formed by Communities Southwest Inc. in Scottsdale (Dennis Knight, principal) has assembled more than 310 acres in Queen Creek to develop a planned community with 850 homes and a commercial component. Communities Southwest and Tricon Capital Group in Toronto, Ontario, Canada (TCN:TSX) acquired the land in four transactions totaling $23.808 million ($76,782 per acre). The site is bounded on the north by Queen Creek Road, on the south by Appleby Road (alignment), on the east by Meridian Road and on the west by Signal Butte Road...»

The value of the housing market hit a 10-year high in 2016 as equity reached new levels, according to the Urban Institute's latest report. Home prices for existing single-family homes came screeching to a halt in January, the Federal Housing Finance Agency's report showed. And a new release from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development shows the median home prices for new home sales dropped in February...»

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