Commercial Real Estate & Business News – February 13, 2017
Metro Phoenix Growing at Its Fringes Again with New Homes Metro Phoenix’s edges are getting stretched with new home developments again. Recent land deals are spreading the Valley farther north, west past the White Tank Mountains and south towards Tucson…» DRA Advisors Acquires 500,000 Sq Ft of Valley Industrial Space in Portfolio Deal A fund […]
Commercial Real Estate & Business News – February 10, 2017
How Will Rising Interest Rates Affect CRE? Commercial real estate has had an almost uninterrupted run of increasing values since bottoming in the wake of the global financial crisis in 2010. Acquisition yields have persisted at historical lows for several quarters, and many question how long the asset class can remain priced to perfection…» Economy […]
Commercial Real Estate & Business News – February 9, 2017
Intel Says It’s Investing $7B in Chandler Facility, Bringing 3K Jobs The seventh-biggest company in Arizona is about to get even bigger, with Intel Corp. announcing it will bring 3,000 more workers to Chandler. The company is investing $7 billion to finish a factory it launched in 2011 but never completed. It now plans to […]
Commercial Real Estate & Business News – February 8, 2017
Utah Investor Spends $71.45 Million to Buy 700 Apartments in Two Mesa Projects Millburn & Co. in Salt Lake City has expanded its multi-family holdings in the Valley by paying $71.45 million ($102,071 per unit blended average) to purchase 700 apartments in two communities located in Mesa. The sellers in two transactions were companies formed […]
Commercial Real Estate & Business News – February 7, 2017
What to Expect from the Debt Markets in 2017 This is a good time to be a borrower, according to Jeff Erxleben, executive vice president and regional manager in the Dallas office of real estate debt and equity provider NorthMarq Capital. All types of capital providers-banks, insurance companies, conduit lenders and private equity funds-are actively […]
Commercial Real Estate & Business News – February 6, 2017
Mixed Reactions to Trump’s Push for Dodd-Frank Overhaul As one might expect, the reactions to President Donald Trump’s initiation of the overhaulof the Dodd-Frank Wall Street Reform Act came in fast and furious after Trump signed an executive order on Friday that calls for the Secretary of the Department of the Treasury to begin reviewing […]