Commercial Real Estate & Business News – October 19, 2015
Scottsdale’s Papago Plaza Sells, Renovations Planned The Papago Plaza shopping center at McDowell and Scottsdale roads in Scottsdale has finally sold. A sale of the well-known and in-need-of-reboot shopping plaza has been in the work for a while. Pivot Development bought Papago from Bert B. Malouf LLC and William B. Malouf LLC for $12.5 million… […]
Commercial Real Estate & Business News – October 16, 2015
ULI Forecast: Small Business Job Growth is Altering Commercial Real Estate Industry The commercial real estate industry is increasingly focused on the needs of small firms employing fewer than 50 people, where job growth is outpacing larger firms by nearly five to one, according to Emerging Trends in Real Estate 2016, an annual real estate […]
Commercial Real Estate & Business News – October 15, 2015
Commercial Property Price Growth Continues To Heat Up Through Summer While construction has been rising in many markets, aggregate demand across the major property types continues to outstrip supply, resulting in lower vacancy rates and rent growth. This, in turn, continues to drive strong investor interest in commercial real estate, according to the latest CoStar […]
Commercial Real Estate & Business News – October 14, 2015
Industrial Users Shift to New From BTS It’s the latest example of users shifting away from build-to-suit and toward the Valley’s existing, though dwindling, inventory of modern, available space. The latest is a 552,330-square-foot industrial lease located at 7037 W. Van Buren St. that will fully occupy the building. The lease, completed by Lincoln Property […]
Commercial Real Estate & Business News – October 13, 2015
Commercial Real Estate Lending Continues Its Comeback In another sign that the commercial real estate market recovery is forging onward and surpassing the single-family housing recovery, the total value of commercial real estate loans is on the verge of surpassing its pre-recession all-time peak of $1.731 trillion. CRE loan value most recently measured $1.723 trillion, […]
Commercial Real Estate & Business News – October 12, 2015
HAPPY COLUMBUS DAY! Mesa Sees Growth In Science, Tech Sector After Mesa successfully lobbied federal officials for control of the former Air Force Research Laboratory in 2011, its vision for the Phoenix-Mesa Gateway Airport-area facility was lofty. It would give the 6.5-acre campus a facelift, tout the lab’s rare, high-level government-security clearance across the state […]