Commercial Real Estate & Business News February 19, 2019
CRE Investors Start Putting Money Behind Defensive StrategiesInvestors appear to be keeping the foot on the gas in terms of acquisitions. According to research firm Real Capital Analytics (RCA), investment sales volume jumped 15 percent year-over-year in 2018 to reach $562.1 billion. But some investors are clearly retooling strategies to account for slowing growth and […]
Commercial Real Estate & Business News February 18, 2019
Nationwide Realty Investors Announce Plans for Cavasson, $950 Million Mixed-Use Development in ScottsdaleNationwide Realty Investors announced today that its 134-acre mixed-use development in Scottsdale, Arizona will be named Cavasson. The initial phase of the project, which will break ground in 2019, will include several commercial office buildings including the new 460,000-square-foot regional headquarters building for…» […]
Commercial Real Estate & Business News February 15, 2019
$2 Billion Palmeraie Project Breaks Ground in ScottsdaleFive Star Development broke ground for the first phase of a master-plan community called The Palmeraie on Wed. Feb. 13. The 122-acre community is on the border of Scottsdale and Paradise Valley. The first phase of the $2 billion community will be completed by the end of 2020. […]
Commercial Real Estate & Business News February 14, 2019
CRE Lenders Ended 2018 on a Strong NoteA strong fourth quarter lifted commercial mortgage originations by 3 percent in 2018 as multifamily and industrial originations drove investor activity, according to preliminary estimates from the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The MBA released its…» Yardi: National Rent Remains Flat, YOY Growth […]
Commercial Real Estate & Business News February 13, 2019
Two Scottsdale Malls See Huge Sales Increases, Parent Company’s Filing ShowsTwo of Scottsdale’s most prominent shopping destinations, Scottsdale Fashion Square and Kierland Commons saw retail sales increase dramatically from 2017 to 2018, according to documents filed Thursday with the U.S. Securities and Exchange commission. The Macerich Co. (NYSE: MAC), a Santa Monica, California-based real estate […]
Commercial Real Estate & Business News February 12, 2019
Gilbert’s New Mission is to be the ‘City of the Future’Gilbert, Arizona has unveiled its new mission: “Anticipate. Create. Help people.” As Gilbert approaches its 100thbirthday in 2020, the new mission statement is focused on keeping the thriving community that Gilbert is today well into the future. “The people are here, the businesses are coming, […]