The so-called redline drawn around the Phoenix market by investors seems to have been erased, says Steve Betts, chair of ULI Arizona. He attributes the metropolitan area’s resurgence to HEAT—Health care, Energy, Aerospace/defense, and Technology. Read what other local players are saying about this uptick in activity and why it appears that the road to recovery will be a long and bumpy one.

Dynamic, large-scale projects that create new centers of activity can be catalysts of downtown revitalization. Sundance Square in Fort Worth, the Columbia Heights revitalization in D.C., and L.A. LIVE in downtown Los Angeles—the three 2010 ULI Awards for Excellence winners—are recent examples. Read how these projects created benefits that extend well beyond the neighborhoods where they stand.

2010 ended on a strong note with all-in 10-year mortgage spreads in 5.25%+/- range which should have proved attractive to all but the most jaded investors. But as they say, it’s still “early days” and few lenders have announced plans and targets for 2011.

This week’s Monday’s Numbers should be subtitled: “Credit Suisse Group Sells $2.8 Billion European Commercial Property Loan Portfolio for $1.2 Billion”

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders widened slightly during the most recent survey period. It’s year-end, and lender’s are starting to focus on next year’s allocations. If it’s a typical start, rates will be up slightly as lenders test the waters as to what spreads will work and what borrowers” will accept. We’ll see if the current glass ceiling of 5.0 percent holds or if it’s off to the races in 2011.

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders came in slightly during the most recent survey period. During the period, 10-year Treasury bond yields were unchanged. There seems to be an all-in cost of 5.0% “glass ceiling” in place. For the survey period, average all-in cost equaled 5.02%, the “present” glass ceiling. Not much is expected to happen during the next two weeks so we’ll sit on the sidelines and wait for January’s allocation to re-fill lender’s coffers.

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders was unchanged. There seems to be an all-in cost of 5.0% “glass ceiling” in place. For the survey period, average all-in cost equaled 4.80 percent.

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders narrowed slightly in response to widening in the yield of 10-year Treasury bonds. There seems to be an all-in cost of 5.0% “glass ceiling” in place as loan spreads moved in and Treasury spreads widened to accommodate changes in spreads and/or yields. For the survey period, average all-in cost equaled 4.87 percent.

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders narrowed significantly (17 basis points on average) with multifamily spreads breaking the 200 basis point barrier between sanity and complete madness. Less than 200 over the 10-year curve seems a little too low a spread to compensate for the risks associated with making a loan secured by an operating business. During the period, 10-year Treasury bond yields were flat, with average all-in cost equal to 4.66 percent.

A freestanding Smart & Final warehouse grocery store in Modesto, California, was sold to a private investor for $1.9 million—and at an 8.56 percent cap rate. A nearly 9 percent cap rate in today’s market? It was a triple-net-lease property in a tertiary market. Philip D. Voorhees, senior vice president in the Newport Beach, California, office of CB Richard Ellis Inc. and an expert on triple-net leases offers advice for developers.