Commercial Real Estate & Business News – October 19, 2016

U.S. commercial real estate prices have reached new highs, but the sector is a much safer place today than it was before the 2008 financial crisis...»
Banks lenders originated more than a third-38 percent-of all permanent apartment loans in the first half of 2016. That's not far behind the share of apartment loans made by agency lenders, including Fannie Mae and Freddie Mac, which have been the dominant source of lending on stabilized apartment properties since 2012...»
 

On the whole, this data constitutes a bit of modest good news for industrial real estate, especially those properties that handle U.S.-produced goods slated for export. Domestic manufacturing has taken a hit in recent years, particularly as the dollar has grown strong, and demand from markets like China, whose goods move through West Coast industrial markets, has grown weaker...»

Overall, the most important issue for respondents was improving Arizona's economy with an average respondent score of 9. That was followed closely by improving the state's education system, protecting the U.S. from terrorism, reducing the national debt and providing more funding for wounded veterans...»

Another one of the Valley's most successful homegrown software companies is relocating its headquarters from Scottsdale to Downtown Phoenix. Integrate, a leading developer of marketing software has leased the entire 19th floor Penthouse Level of 111 West Monroe, advancing a trend of both established technology companies and entrepreneurial start-ups leasing space in the building...»

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