Commercial Real Estate & Business News – April 21, 2015
Exclusive: Phoenix Class A Office Building Sells For $58m Lincoln Property Co. and Oaktree Capital Management have bought a Class A office building at Camelback Road and 32nd Street in Phoenix. The pair acquired the 259,000-square-foot Biltmore Commerce Center for $58 million. It sits on the northeast corner of the Biltmore area intersection. Denver-based DPC […]
Commercial Real Estate & Business News – April 20, 2015
Phoenix Housing Starts, Home Sales Surge In March Housing starts were up 37 percent in the Phoenix area last month compared to a year ago, and existing home sales surged 29 percent as the real estate market looks for improvements after a slow 2014, according to new industry data. RL Brown Housing Reports monthly real […]
Commercial Real Estate & Business News – April 17, 2015
Retail Reuse: Medtail Emerges as Trend for Neighborhood Shopping Centers The Metropolitan Phoenix retail market continues its recovery, as noted in a recent report from CBRE Phoenix Research. With vacancy under 10 percent for the first time in seven years, demand for space is beginning to reflect that of pre-recession levels. However, while a sense […]
Commercial Real Estate & Business News – April 16, 2015
CRE Prices Continue Advance Across More Markets and Building Types Continuing the broad recovery across all property types and throughout most U.S. markets, commercial real estate prices again moved upward in February, reflecting solid occupier demand as well as widening investor interest in smaller properties outside the largest U.S. metros… Read more » Baby Boomer Investors Exchanging […]
Commercial Real Estate & Business News – April 15, 2015
Wallet Squeeze: Apartment Rents Projected To Rise Again Living in an apartment? Expect your rent to go up again. Renting has gotten increasingly expensive over the last five years. The average U.S. rent has climbed 14 percent to $1,124 since 2010, according to commercial property tracker Reis Inc. That’s four percentage points faster than inflation, […]
Commercial Real Estate & Business News – April 14, 2015
Survey Shows Commercial Real Estate Poised For Three Years of Growth The forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate, released April 8, shows commercial real estate transaction volume rising to $470 billion this year from $424 billion in 2014, an increase of 11 percent. Volume is projected to […]