Commercial Real Estate & Business News – December 11, 2015
CBD Office Buildings Experienced 10-Year Price Appreciation of More Than 100 Percent The latest Commercial Property Prices Indices (CPPI) report produced by Moody’s and Real Capital Analytics (RCA) shows that prices in the commercial real estate universe have experienced double-digit appreciation over the past decade. According to the report, the national all-property composite index has […]
Commercial Real Estate & Business News – December 10, 2015
Matt’s Big Breakfast, Starbucks, Mountainside Fitness landing at State Farm campus in Tempe Popular Phoenix restaurant Matt’s Big Breakfast as well as a Starbucks and Mountainside Fitness are landing at the 2 million square foot Marina Heights development in Tempe. The Tempe project is poised to be the largest office development in the state. Matt’s […]
Commercial Real Estate & Business News – December 9, 2015
Phoenix Children’s Hospital Breaks Ground on $60M Project Phoenix Children’s Hospital broke ground today on a $60 million project that will include a $40 million emergency department and a Level 1 pediatric trauma center. The center will accommodate 100,000 patients, up from PCH’s existing capacity of 22,000 patients. More than 83,000 patients walked through the […]
Commercial Real Estate & Business News – December 8, 2015
National Multifamily Rents Dropped in November, Yardi Says Heading into the winter months, multifamily rents are showing their typical seasonal mild growth, according to Yardi’s Matrix Monthly, which surveys 111 markets across the nation. In November, national rents dropped just $1 to $1,165, after rents had previously grown for nine consecutive months. However, rents increased […]
Commercial Real Estate & Business News – December 7, 2015
Location Drives Retail in Evolving Market The Metro Phoenix retail market posted its 16th consecutive quarter of declining vacancy. The vacancy rate declined to 11.1% at the end of the third quarter with neighborhood and community centers drawing the most leasing activity. Metro Phoenix recorded nearly 552,000 square feet of occupancy growth during the quarter, […]
Commercial Real Estate & Business News – December 4, 2015
RealShare Panelists Bullish on Phoenix Future Panelist Elliot Shirwo, EVP of Bolour Associates, said that there is a lot of upside potential in Phoenix. Most of the deals that Shirwo has done in Arizona have been in the retail sector. “We feel like through the downturn, there was some recalibration on values,” he said. “We […]