Commercial Real Estate & Business News May 11, 2018
Behind the Scenes of the $928M Marina Heights Sale The $928 million sale of Marina Heights was a herculean effort involving a leaseback, a development agreement involving a property tax abatement, at least two partnership agreements, and, of course, “a typical real estate purchase deal.” Transwestern Investment Group and JDM Partners purchased the 2 million-square-foot […]
Commercial Real Estate & Business News May 10, 2018
It’s Survival Of The Fittest For Retailers & Their Landlords DOWNERS GROVE, IL-Brick-and-mortar retail is facing a fight for survival. There’s no news there. And their fortunes are tied in large part to the ability of their landlords to see over the next curling wave of technological change. That, at any rate, is how InvenTrust […]
Commercial Real Estate & Business News May 9, 2018
Ryan Companies and Cadence Senior Living Reveal New Project Mesa, Ariz. – In partnership with Cadence Senior Living, Ryan Companies US, Inc. is designing, developing and building Azure (\ˈa-zhər \) Mesa, an upscale senior living community with an “age-in-place” model that will accommodate a total of 170 private pay, market-rate units. The joint-venture project will […]
Commercial Real Estate & Business News May 8, 2018
Phoenix Remains One of Best Multifamily Markets for Rent Growth It is becoming common to see Phoenix rank among the top rent growth markets in the nation for multifamily. In CoStar’s most recent quarterly update, the Valley of the Sun’s 4.6 percent year-over-year gains were sixth-best among major U.S. metros, trailing only Orlando, Las Vegas, […]
Commercial Real Estate & Business News May 7, 2018
The U.S. Unemployment Rate Is Now the Lowest It’s Been This Century U.S. hiring rebounded in April and the unemployment rate dropped below 4% for the first time since 2000, while wage gains unexpectedly cooled, suggesting the labor market still has slack to absorb. Payrolls rose 164,000 after an upwardly revised 135,000 advance, Labor Department […]
Commercial Real Estate & Business News May 4, 2018
Economy Watch: Demand for Construction Workers Rises The national construction unemployment rate was 7.4 percent, the lowest national March rate on record. At the same time, the construction industry employed 246,000 more workers this March than in March 2017, ABC reported…» Small Businesses Making a Big Mark in the Phoenix Area Small businesses make up […]