Commercial Real Estate & Business News – May 16, 2017

Amazon.com Inc. isn't big enough? Amazon - with a $464 billion market cap, which is double the size of Wal-Mart Stores Inc. (NYSE: WMT) and bigger than Procter & Gamble (NYSE: PG and Visa Inc. (NYSE: V) combined - is building at least four massive warehouses to fulfill and deliver bulky products...»
CMBS loan defaults are poised to rise sharply this year, Fitch Ratings said Monday. The catalyst is a rise in maturity defaults, Fitch says, although term defaults are expected to increase marginally year over year. "Over 75% of term defaults last year were from 2006 and 2007 vintages,"...»

New real estate fund managers are finding it difficult to close funds, perhaps reflecting a general mood of caution and transaction slowdown in the market. A new report from London-based research firm Preqin found that institutional investors continue to limit...»

Arizona economic developers and business recruiters always like a bit of positive coverage especially after the state's immigration battles and being ground zero for the last real estate crash and recession. Well, the BBC is delivering with a story on the growth and strength of the finance and banking sector in Arizona....»
Sales of commercial office, industrial and retail buildings were mixed in the first quarter, according to new numbers from Colliers International (Nasdaq: CIGI). Transaction activity for office sales in the Phoenix market was down 10 percent from the fourth quarter and was down 23 percent from the first quarter of 2015....»

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