Commercial Real Estate & Business News – June 16, 2015
California Group Buys West Valley Center From Vestar For $40m A California group with ties to Taiwan has bought a West Valley shopping center from Phoenix-based Vestar for $40 million. Watson Property LLC acquired the Sundance Towne Center from a real estate subsidiary of Vestar. The 600,000-square-foot property is located in Buckeye at Watson Road […]
Commercial Real Estate & Business News – June 13, 2015
Canadian Investors Love U.S. Office Assets, but Decline Expected in Late 2015 A surge in Asian investment in the U.S. office sector in the first quarter overshadowed the one country responsible for one quarter of all cross-border acquisitions in the U.S.: Canada. While total investment in U.S. commercial real estate by Asian countries totaled $7 […]
Commercial Real Estate & Business News – June 12, 2015
New Restaurant, Retail Spaces Being Built Next to Planned OdySea Aquarium Near Scottsdale A new 75,000-square-foot restaurant and retail center is under construction on the Salt River Pima Maricopa Indian Community next to the new OdySea Aquarium and Butterfly Wonderland attractions off the Loop 101 freeway… Read more » Skysong Apartments Command Hefty Price…325 Units Sell For […]
Commercial Real Estate & Business News – June 11, 2015
Arizona’s Economy at a Glance: 10 Measures to Watch In important ways, Arizona’s economy has not rebounded from the Great Recession as quickly as the nation as a whole. Here are some key measures of the state’s economic health… Read more » Phoenix-Mesa Best City for Retirement, Prescott and Tucson Rank Three and Four Arizona’s blazing, bright […]
Commercial Real Estate & Business News – June 10, 2015
Phoenix Ranks in Top 10 Undervalued Housing Markets Phoenix took a major hit when the housing bubble burst, but it’s also had a big recovery. The city is a favorite among snowbirds and the job market has been improving, the report found… Read more » 8 Markets with Biggest Office Construction Pipelines Phoenix, one of the cities […]
Commercial Real Estate & Business News – June 9, 2015
Host Hotels Pays $400M for Scottsdale Resort Bethesda-based Host Hotels & Resorts has acquired the Phoenician, a 643-room resort in Scottsdale, Arizona, for $400 million. The Phoenician sits on 300-acres at the base of Camelback Mountain. The AAA Five-Diamond property includes nine restaurants and bars, 83,500 square feet of meeting space, a 27-hole golf course, […]