News
Economy Watch: Low Energy Prices Boost Restaurant Sector
More jobs and lower gas prices: that’s a recipe for the chain restaurant sector to do better.
Driving Down Delinquencies
Commercial/multifamily mortgage bank delinquency, banks and thrifts, 90+ days
NYC Spotlight: Bought Up
By Amalia Otet Real estate remains a hot commodity in New York City, with investors flocking to take a bite out of the Big Apple. All five boroughs have seen increased transaction activity in the four weeks ending on Nov. 30, with Manhattan attracting the largest deals by value. According to the latest PropertyShark market report, which features month-to-month tracking of the biggest commercial sales in New York, nine of the top 10 purchases were in Manhattan, where increased demand for both office and residential space has kept rents at an elevated level. The biggest transaction recorded in November was…
Going Down
(national cap rate performance based on properties and portfolios of $2.5 million and greater)
Job Creation
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
ConAm Buys New Phoenix M-F Asset
By Liviu Oltean, Associate Editor ConAm Group of Cos. has increased its Greater Phoenix footprint with its $33 million acquisition of the Pointe at South Mountain, a 364-unit luxury apartment community. Located at 8809 S.Pointe Parkway East, the property represents ConAm Group’s tenth Phoenix multifamily acquisition. The Pointe at South Mountain features units with spacious […]
P&G Distribution Center in Union Nears Opening
Procter & Gamble is getting ready to open its massive, new distribution center in Union’s Global Logistics Airpark. The $89 million project is bringing 800 new jobs to the Dayton area.