Commercial Real Estate & Business News December 7, 2018
HonorHealth Breaks Ground on 6th Hospital HonorHealth broke ground on its sixth hospital today at Interstate 17 and Dove Valley Road in north Phoenix. The three-story, 210,000-square-foot HonorHealth Sonoran Medical Center will be built on the campus that currently houses the Sonoran Health and Emergency Center. The site will include an inpatient hospital, ambulatory surgery […]
Commercial Real Estate & Business News December 6, 2018
Opportunity Zones, Marijuana-Related Properties and Retail Assets Among Best CRE Bets for HNW Investors in 2019 As high-net-worth (HNW) investors zone in on commercial real estate opportunities for 2019, Opportunity Zones, multifamily, marijuana, retail and industrial are emerging as some of the key areas to watch. Real estate investments made next year by HNW investors […]
Commercial Real Estate & Business News December 5, 2018
Capital From China Eases Back Into the US Commercial Real Estate Market China-based investors are making a comeback as buyers after turning their backs on the U.S. commercial real estate market. Two unidentified Chinese institutional investors paid Cleveland-based real estate investment trust Site Centers Corp. $607 million in the past week for an 80 […]
Commercial Real Estate & Business News December 4, 2018
Exclusive Research: Deep Pockets High-net-worth investors (HNWI) have been a highly sought-after buyer group in recent years. Brokers moving properties have attempted to reach them. Non-traded REIT executives have marketed their shares to them. And crowdfunding groups have looked to woo them…» Breakfast Joint Snooze Coming to Downtown Phoenix Popular breakfast and brunch spot […]
Commercial Real Estate & Business News December 3, 2018
Top-Tier Mall REITs Post Solid Performance in the Third Quarter While the retail sector continues to face challenges, REITs that own top-tier malls are posting solid performance numbers and respectable earnings. Regional mall REITs can be a solid investment, with returns of 2.14 percent in 2018 compared with 0.53 percent for the S&P 500, […]
Commercial Real Estate & Business News November 30, 2018
Scottsdale Shopping Center to Become Creative Office, Restaurant Space A Scottsdale shopping center will receive a $14 million renovation to transform into creative office, retail and restaurant space. Denver-based DPC Cos., plans to revamp the property, located at Scottsdale Road and Shea Boulevard, to convert it to about half office space and half retail […]