Commercial Real Estate & Business News – December 29, 2014
Largest Downtown Property Since Arizona Center Set For Development The largest vacant parcel in downtown Phoenix is ripe for residential development. The property, south of Fillmore Street, between 4th and 6th Avenues, is poised for development, with Phoenix set to release a RFP by the end of February to develop the land. The city and […]
Commercial Real Estate & Business News – December 23, 2014
San Travesia Apartments Open Near SkySong At the center of the McDowell corridor revitalization is the newest high-end rental community in south Scottsdale, San Travesia. San Travesia – adapted from the Spanish word “Travesia” meaning “crossroads” – offers all the advantages of Mark-Taylor’s “Next Generation” living in the largest low-density luxury apartment community in the […]
Commercial Real Estate & Business News – December 22, 2014
Why Shopping Independent Stores This Holiday Season Should Be On Your To-Do-List Did you know that on average, 48 percent of each purchase at local independent businesses was recirculated locally, compared to less than 14 percent of purchases at chain stores? This data, shared by the American Independent Business Alliance, along with countless other reasons […]
Commercial Real Estate & Business News – December 19, 2014
ASU 330 Acre Development, Hayden Flour Mill, Monti’s and Exports are Top Economic Stories of the Year It might be a good thing that this month marks only my fourth with Phoenix Business Journal. I only have to look back over 120 days to pick my economy stories of the year. Three on my beat […]
Commercial Real Estate & Business News – December 18, 2014
Commercial Property Pricing Trends Continue Upward March The latest CoStar Commercial Repeat Sale Indices (CCRSI) continued to track the upward progress of property pricing trends, with commercial property values boosted by minimal speculative construction, a firming economic recovery and the combination of rising rental rates and low benchmark interest rates, such as the 10-year Treasury, […]
Commercial Real Estate & Business News – December 17, 2014
Four Multifamily Trends Spilling Into 2015 With 2014 coming to a close, many are planning their strategies for the year ahead. But what’s can we expect in the coming quarters? What sectors and cities are hottest? What weak spots remain the Southeast that investors should beware of?… Read more » Cypress/Harbert Venture Pays $71.5 Million For Tempe […]