Commercial Real Estate & Business News – July 28, 2015
Commercial Corner: RETAIL UPDATE Phoenix metro shopping center is no longer a cringe-worthy phrase that one is afraid to utter in the real estate world. In fact, after a 6-year period of bumping along the bottom after a freefall never experienced before in our market, Phoenix metro retail has roared back to an “en vogue” […]
Commercial Real Estate & Business News – July 27, 2015
2015’s Apartment Sales on Pace to Beat 2006 In the first half of 2015, $63.2 billion worth of apartments changed hands, a 37.6% increase compared with last year, according to Real Capital Analytics (RCA). The second quarter produced $29.7 billion worth of this activity, a 13% increase over 2014?s second quarter… Read more » No Threat: Greek […]
Commercial Real Estate & Business News – July 20, 2015
Macy’s and Other Retailers Are Pressured to Sell the Land Beneath Them Retailers are coming under renewed pressure to cash in on their real estate as property values soar. But the approach has a mixed track record and poses risks at a time when chains are rapidly retooling their stores to support online operations. Macy’s […]
Commercial Real Estate & Business News – July 17, 2015
Albertsons Planned IPO Would Impact Store Closings, Openings After gobbling up one of its biggest competitors earlier this year, Albertsons Companies Inc. is now pursuing an IPO. The Boise, Idaho-based company filed a registration statement with the Securities and Exchange Commission to sell shares of its common stock. Although the number of shares to be […]
Commercial Real Estate & Business News – July 16, 2015
Robust Leasing, Absorption Drive CRE Price Appreciation Supported by record levels of absorption and strong leasing, commercial real estate prices rebounded in May, with continued strong recovery in both higher-end properties and accelerating investor interest in smaller, lower-priced assets, according to the latest CoStar Commercial Repeat Sale Indices (CCRSI)… Read more » Eastmark Among U.S. Top 10 […]
Commercial Real Estate & Business News – July 15, 2015
Best Buy / Dick’s Sporting Goods Anchor Transacts at Fiesta Mall The 95,000 square foot Best Buy / Dick?s Sporting Goods anchor at Fiesta Mall in Mesa sold Wednesday for a price of $5.9 million, or $62 per square foot. Macerich previously purchased this property for $16.05 million in early 2007. The prior sale included […]