Commercial Real Estate & Business News – July 4, 2017
Happy 4th of July! Economy Watch: More Americans Traveling for July 4 Than Ever During the 2017 Independence Day holiday period (June 30 to July 4) a record 44.2 million Americans will travel 50 miles or more away from home, according to a recent AAA forecast. That would be 1.25 million more travelers than last […]
Commercial Real Estate & Business News – July 3, 2017
Phoenix Area Needs 150,302 New Apartments by 2030 to Keep Pace with Demand Growth is Due to Aging Population, Immigration, Declining Home Purchases An aging population, international immigration and fewer home purchases are resulting in an increased need for new apartments. The Phoenix metro area is expected to need 150,302 new apartments by 2030 to […]
Commercial Real Estate & Business News – June 26, 2017
Will Lidl Cause a Major Disruption to Traditional Supermarkets? The looming battle between German supermarket operators Aldi and Lidl for a share of the U.S. market is getting into high gear. In mid-June, the Neckarsulm, Germany-based grocery chain Lidl began opening the first 20 stores of its planned 150 locations in the U.S., an expansion […]
Commercial Real Estate & Business News – June 23, 2017
Starlight US Multi-Family Buys Properties in Phoenix, Austin for $154.8 Million Starlight U.S. Multi-Family (No. 1) Value-Add Fund has acquired two properties located in Round Rock, TX and Phoenix comprising 943 multifamily units for a combined $154.8 million. The transaction was closed with a combination of funds raised from the initial public offering for the […]
Commercial Real Estate & Business News – June 22, 2017
Sales Rebound For Single-Family & Apts. WASHINGTON, DC-Existing-home sales were looking up again in May following a drop in April, the National Association of Realtors said Wednesday. The metric was closely watched not only as an indicator of the residential market but also of the the health of the economy as a whole…» Scottsdale Property […]
Commercial Real Estate & Business News – June 21, 2017
Canadian Firm Enters Market with $41.81 Million Deal for 194 Apartments in Tempe Tempe – Brass Enterprises Inc. in Toronto, Ontario, Canada (Ephry Merkur, pres.) has entered the Valley multi-family market with the $41.81 million ($215,515 per unit) acquisition of the 194-unit Aura on Broadway apartments at 1221 E. Broadway Road in Tempe…» Fed’s Fischer […]