Commercial Real Estate & Business News – February 18, 2015
Arizona’s Economy Poised to Warm Up in 2015, Reports Say Arizona’s economy, which grew in line with the nation last year, could perk up with a faster pace of expansion in 2015, according to new forecasts. Robert Kavcic, senior economist at BMO Capital Markets, sees Arizona’s economy advancing 3.5 percent in 2015, beating expected U.S. […]
Commercial Real Estate & Business News – February 17, 2015
NRF Forecasts Retail Sales to Increase 4.1% Over Last Year The National Retail Federation released its 2015 economic forecast today, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 4.1 percent, up from the 3.5 percent growth seen in 2014. NRF also announced today it expects non-store sales in 2015 to […]
Commercial Real Estate & Business News – February 16, 2015
Happy President’s Day! Equus Announces $58.85 Million Sale of Lincoln Towne Centre Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity real estate fund managers, announced today the sale of Lincoln Towne Centre, a two building property totaling 226,112 square feet located at 4150-4250 N. Drinkwater Boulevard in downtown Scottsdale, Arizona, acquired […]
Commercial Real Estate & Business News – February 13, 2015
For Commercial Real Estate Price Growth, It Was a Very Good Year Investors both large and small remained intently focused on commercial real estate last year, as pricing levels rose in tandem with occupancies, vacancies remained near cyclical lows, and rent growth posted healthy gains across property sectors and regions… Read more » NRF: Retail Sales to […]
Commercial Real Estate & Business News – February 12, 2015
Commercial Construction Activity Rising in 2015, Says AIA According to the latest American Institute of Architects’ (AIA) Consensus Construction Forecast, conducted in December, the national building activity level for non-residential real estate is climbing… Read more » Record Sales Volume and High Prices for Apartments in 2014 Prices for apartment properties rose again in 2014 as investors […]
Commercial Real Estate & Business News – February 11, 2015
$30M Health Campus in the Works Near St. Joseph’s Westgate Hospital Dr. John Simon, a radiologist who founded SimonMed Imaging Inc., plans to develop a $30 million health campus next to St. Joseph’s Westgate Medical Center in Glendale. He said this project at the northwest corner of 99th and Glendale avenues would be the first […]