Commercial Real Estate & Business News – September 1, 2015

Having moved slightly upward and downward throughout the summer, CMBS delinquencies continued the pattern in August. Trepp LLC says the delinquency rate for securitized US commercial real estate loans moved up three basis points in August to 5.45%... Read more »
Driven by stronger same-store sales and customer traffic levels, the National Restaurant Association’s Restaurant Performance Index (RPI) posted a solid gain in July. The RPI stood at 102.7 in July, up 0.7 percent from June and the first gain in three months. In addition, July represented the 29th consecutive month in which the RPI stood above 100, which signifies expansion in the index of key industry indicators... Read more »
The United States housing market is showing signs of growth: housing starts have increased 11.3% so far in 2015, while commercial construction spending is up 9.7% in the first half of this year. If only there were enough workers to keep up with the growth... Read more »
After the global financial crash, it seemed like the housing market would take years to work through its inventory of unwanted single-family houses—and it did. Investors bought hundreds of thousands of houses at low prices, often out of foreclosure, and put these homes out to rent. Now, however, there are far fewer homes available for sale, and many developers are turning to new construction to create new rental housing... Read more »
On Wednesday the One Thomas office tower sold to Granite Investment Group of California for just under $10 million. The group of local investors who sold the property had purchased it back in 2012 for only $4.25 million from Foreclosed Property Holdings. Granite Investment Group funded the sale with a loan from Farmers & Merchants Bank of Central California with a maximum lien amount of $10.73 million... Read more »

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