Commercial Real Estate & Business News – November 12, 2021
Fully Occupied East Valley Property Trades at 7.1 Cap Mesa, AZ – Nick Miner, CCIM of ORION Investment Real Estate reports selling a 100% occupied property at 1258 West Baseline Road for $1,500,000 or $123 per square foot and a 7.1% cap rate. Miner of ORION represented the Seller, Van’s Golf Properties LLC, while the…» The […]
Commercial Real Estate & Business News – November 11, 2021
REITs Find Options Abound in What’s Seen as a Free-Flowing Lending Market In the booming U.S. commercial property market, real estate investment trusts say they are having no trouble when it comes to financing. In naming a single challenge at the moment, executives say all that free-flowing capital is beginning to drive up costs of…» […]
Commercial Real Estate & Business News – November 10, 2021
A Housing Issue We Can’t Afford to Ignore The lack of affordable housing and the mounting resistance to multifamily housing development is creating serious heartburn in the Valley’s business community — among builders and employers alike — who view it as a risk to healthy economic growth. It’s been a thorny issue in…» $70 Million […]
Commercial Real Estate & Business News – November 9, 2021
Apartment Investors Are as Bullish as Ever About the Sunbelt The Sunbelt region for multifamily property transactions is booming right now, Jonathan Morgan, president of Morgan Properties JV, an affiliate of Morgan Properties, believes. To that end, his company just added 18 communities there, acquiring a pair of…» Macerich and Life Time Announce Resort for […]
Commercial Real Estate & Business News – November 8, 2021
Apartment market conditions continue to show improvement, according to the National Multifamily Housing Council’s quarterly survey of apartment market conditions for October“We are continuing to see strong, broad-based demand for apartments as the U.S. economy remains on an upward trajectory,” said Caitlin Sugrue Walter, vice president of research at the…» JLL: Shoppers Returning to Lifestyle […]
Commercial Real Estate & Business News – November 5, 2021
New Banner Health Center Begins Construction at The Grove RED Development this week joined Banner Health for a groundbreaking to mark the start of construction on a new single tenant medical building at its highly anticipated mixed-use development, The Grove, which is situated on the corner of the prestigious Camelback Corridor and…» Mega Project Approved […]