Commercial Real Estate & Business News – January 13, 2021
Andante Apartments in Ahwatukee Sold for $145.25MIn the largest multifamily sale in over two years, the Andante Apartments in Ahwatukee were sold for $145.25 million, or $252,170 per unit. According to the commercial real estate tracking website Vizzda.com, the last multifamily transaction this large was the $142 million…» Proposed Downtown Phoenix Mixed-use Tower Would Incorporate […]
OUTPERFORM WITH ORION | Making the Most of 2020 – Thank you!
“Thank you to all of my clients in 2020. I’m grateful to have worked with each of you in 2020 and am looking forward to 2021!”
Commercial Real Estate & Business News – January 12, 2021
Vacancy Climbs As Rents Fall Across Asset ClassesApartments, office and retail are all following a similar trend: rising vacancy rates with declining rents. A new report from Moody’s Analytics calls the dynamic “bleak, but not dire,” noting that while most metros are following a similar pattern, most of the declining fundamentals are more moderate…» Buckeye […]
Commercial Real Estate & Business News – January 11, 2021
New Build Will Transform the Phoenix SkylineThe Phoenix skyline is getting an upgrade. Aspirant Development has acquired a two-acre land site in Downtown Phoenix with plans to develop the tallest building in Arizona. Aspirant Development purchased the property from Desert Troon for $9.2 million in an off-market deal…» VanTrust Real Estate Completes Construction on 118,000 […]
Commercial Real Estate & Business News – January 8, 2021
DoorDash Building Trades in Phoenix’s Largest Office Deal of 2020Lincoln Property Co. sold its newly developed Grand2 property. The deal was the largest office transaction in Phoenix last year, and the fifth largest office deal in the US. Grand2 is a 9-story, 358,000-square-foot office building fully leased to San Francisco-based DoorDash. Apex Capital Investments Corp. […]
Commercial Real Estate & Business News – January 7, 2021
Real Estate Industry Outlook 2021For the real estate market, 2021 will be about reinvention. Real estate leaders will be challenged to find responses to COVID-19 and civil unrest threatening their property values. This uncharted territory will first and foremost involve preserving value across each portfolio, keeping…» Multifamily Leaders Concerned about Rent Issues, Economy: SurveyAs the […]