Commercial Real Estate & Business News – July 26, 2016
Kitchell Starts Industrial Park Expansion Near Sky Harbor The two buildings will be 97,000 square feet and 115,000 square feet, and will join a 17,500-square-foot, two-story office/warehouse building that was recently leased to Super Shuttle International on a long-term basis…» May 2016 Black Knight Home Price Index Climbs Closer to June 2006 Peak According to […]
Commercial Real Estate & Business News – July 25, 2016
Koll Co. Venture Buys Amazon Distribution Center in $74.75 Million Deal In what is the highest price sale of an industrial building in the Valley in four years, a venture formed The Koll Co. in Newport Beach, Calif. (Ray Wirta, CEO) paid $74.75 million ($74.06 per foot) to buy a 1 + million-square-foot distribution center […]
Commercial Real Estate & Business News – July 22, 2016
Existing-Home Sales Hit 9-Year High Sales of existing homes, including for-sale apartments, reached their highest annual pace in more than nine years, the National Association of Realtors saidThursday. With a larger share of first-time buyers than the residential market has seen in nearly four years, June’s tally reached an annualized 5.57 million, the best showing […]
Commercial Real Estate & Business News – July 21, 2016
Midtown Remains Prime Location For Corporate Tenants Phoenix’s Midtown office market remains a prime location for corporate tenants to grow and thrive at affordable rents. This is evidenced by a recent 19,380-square-foot lease renewal and expansion completed at the BMO Tower at Central Arts Plaza on behalf of tax accountant and CPA firm Eide Bailly […]
Commercial Real Estate & Business News – July 20, 2016
It’s Not a Housing Bubble, It’s Just Expensive Home prices have hit record highs in some major U.S. metropolitan areas, and house-flippers are behaving like it’s 2005: It’s no wonder people are chattering about another housing bubble. But residential real estate isn’t in a speculative bubble, industry observers contend. Instead, a low inventory of available […]
Commercial Real Estate & Business News – July 19, 2016
Metrocenter Walmart Supercenter Gets Underway This Week Walmart will break ground on its Metrocenter Supercenter this week. The long-awaited, 148,000-square-foot Walmart is going up on the south side of the mall where the long-vacant Broadway department store was once located. Dirt will start moving Wednesday.…» Home2, Hilton All-Suites Hotel, Is Its First In Arizona Now […]