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 […]
Commercial Real Estate & Business News – February 10, 2015
Analysts Bullish on US CRE in 2015 The report entitled “Expectations & Market Realities in Real Estate 2015—Scaling New Heights” states that while challenges remain, the prevailing trends of strong demand, improving real estate fundamentals, and continued low interest rates that buoyed the markets in 2014 will continue for the near term… Read more » US Housing […]
Commercial Real Estate & Business News – February 9, 2015
Phoenix Construction Costs Expected to Rise On February 5, Mortenson released its quarterly Construction Cost Index report for Phoenix along with five other metropolitan areas in the U.S. According to the report, non-residential construction labor, material and equipment costs in the greater Phoenix area are forecasted to increase 3% in 2015.While costs fell in the […]