Commercial Real Estate & Business News – September 23, 2014
Peoria Vistancia Could Be New Jobs Center Vistancia, one of Peoria?s most luxurious master-planned communities, could also become an employment mega-site within the next two years. Vistancia Land Holdings, LLC, and city leaders are in preliminary talks with a regional health-care facility, a sports/entertainment complex and a private college or university about moving into the […]
Commercial Real Estate & Business News – September 22, 2014
Albertsons-Safeway Outlines New Operations, Leadership Once the merger of Safeway into Albertsons has been completed, the new company will operate with three regions and 14 retail divisions, the two companies said Friday. No banner changes are planned, they noted. The deal, under which AB Acquisition LLC, an affiliate of Albertsons, will acquire 1,331 stores, 13 […]
Commercial Real Estate & Business News – September 19, 2014
Landmark Monti’s Restaurant Site In Tempe To Get Hotel And Office Towers The red hot market in Tempe is getting even hotter as new hotel and office towers are planned on Mill Avenue alongside the landmark Monti’s La Casa Vieja restaurant. The $150 + million office-hotel project is targeted for a 2.5-acre site located at […]
Commercial Real Estate & Business News – September 18, 2014
$150M Chandler Viridian Project Zoning Entitlement Approved The Chandler City Council on Thursday night approved zoning and a development agreement for Hines to develop the Chandler Viridian mixed-use project located near the Chandler Fashion Center and Loop 101/Loop 202 interchange. The 25-acre project will include a modern brand hotel, Class A multi-family and a central […]
Commercial Real Estate & Business News – September 17, 2014
Report: Phoenix-Area Commercial Properties Less Risky Commercial properties in the Phoenix area, especially the East Valley, are among the most undervalued in the nation and thus relatively attractive to investors, especially if interest rates start pushing higher next year. That’s the assessment from Mascia Development LLC, a New York company that evaluated 350 metro areas […]
Phoenix Housing Market Bust, But Not Really
This morning I attended the ASU Real Estate Council event and Mike Orr was the guest panelist. He shared many new insights into the current lackluster performance of the Phoenix Housing Market and some of the recent causes for the lack of performance. Some interesting facts: -Jan 2011 the Avg Normal Sale/SF was $111/SF -July […]