Commercial Real Estate & Business News – September 26, 2016

Heightened scrutiny of U.S. commercial real estate lending is paving the way for lightly regulated investors to gain a bigger toehold in lucrative deals. Private funds are seeking a record $32 billion for commercial-property debt as buyout firms, real estate investment trusts and hedge funds expand lending. These companies, which typically charge higher interest rates, can move quickly on large loans that may be seen as too speculative for banks...»

"We have seen major interest turning toward downtown Tempe and Old Town Scottsdale," said Ari Spiro with Orion Investment Real Estate. "With the countless area restaurants and nightclubs, companies, particularly tech companies, are relocating to this area to attract the best, brightest young minds."...»
Hike or no hike on rates from the Federal Reserve, housing has far more important things to think about. Home sales, home construction and the whole housing economy are dealing with all kinds of pressing issues that take precedence over mortgage rates. Let us explain...»

We all know Arcadia, Roosevelt Row, Tempe's Mill Avenue and Old Town Scotts-dale have been hot spots for real estate from infill and apartments to offices and restaurants...»

A new $47 million luxury condo development is hitting the market in Old Town Scottsdale. The Envy Residences are located on 75th Street west of Drinkwater Boulevard in downtown Scottsdale...»

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