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Commercial Lending Trends Survey
National Association of Realtors
Based on the Expectations & Market Realities in Real Estate 2015: Scaling New Heights report — released by Situs, RERC, Deloitte and the National Association of REALTORS ® — commercial real estate (CRE) has been riding a wave of improved macroeconomic conditions and bullish capital markets. During 2014, gross domestic product rose, employment growth accelerated toward the latter part of the year, and stock market indices reached new heights. Consumer confidence improved as the year progressed and oil prices sharply declined, offering strong wind in the sails of economic activity.
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Modest growth expected in commercial real estate markets
National Association of Realtors
A stronger labor market and increasing household formation should keep commercial real estate demand on a gradual incline, according to the National Association of Realtors® quarterly commercial real estate forecast.
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Broad Ripple development begins
Indiana Business News
Construction is underway on a project that will have a significant impact on a well-known neighborhood in Indianapolis. The $37 million development in Broad Ripple includes a Fresh Thyme market and a more than 150-unit apartment complex.
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Northwest Indiana struggling to provide new industrial space
The Associated Press via Belleville News-Democrat
Northwest Indiana isn't keeping up with metro areas such as Chicago and Indianapolis when it comes to building large industrial spaces that tenant businesses can move into on short notice, according to commercial real estate experts.
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Online savvy helps commercial real estate professionals do better business offline
REJournals
Despite what many in our field might think, commercial real estate isn't just about sales; it's about building relationships. As our industry expands and the tools available to us evolve, so too must our approach to business.
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Warning: Closing funds wiring scams come in all shapes and sizes
Indiana Realtors
Recently Indiana, along with many other states, has seen an increase in wiring scams relating to real estate transactions. Although this kind of scam has been going on for years, the different methods and varieties of fraud are multiplying. The fraud can occur where an agent's email account is hacked, and the client receives an email purportedly from the agent requesting a change in the wiring instructions.
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Banks shuffle downtown Indianapolis locations
Indianapolis Business Journal
Centier Bank intends to fill the downtown office space to be vacated by First Financial Bank, which recently opened elsewhere downtown. Cincinnati-based First Financial plans to close its office on the northeast corner of Pennsylvania and Washington streets May 29, according to a sign posted on its doors.
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Indiana jobless rate drops to 5.4 percent for April
The Associated Press via Orlando Sentinel
Indiana's unemployment rate dropped to 5.4 percent for April, when officials say the state added 10,600 private-sector jobs. Figures released by the state Department of Workforce Development show Indiana's jobless mark fell four-tenths of a percentage point last month from the March rate. It is the state's lowest jobless rate since early 2008, before unemployment jumped sharply during the recession.
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Commercial Focus
Colby Horton, Vice President of Publishing, 469.420.2601
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