Commercial Real Estate & Business News – September 16, 2014
San Diego-based Investor Makes First Valley Buy…Drops $48 Million For 582 Apartments Phoenix Uprising LLC, a company formed by investor Donald Dougher, II of San Diego, Calif., paid $48 million ($82,474 per unit) to acquire the 582-unit Sierra Ranch apartment complex located at 4722 E. Bell Road in Phoenix. The seller was FSC Saddleback Associates […]
Commercial Real Estate & Business News – September 15, 2014
Consumer Spending Showing Renewed Life Economists are revising up estimates for consumer spending in the current quarter and the rest of 2014 after last week’s solid retail sales report and strong data on health care outlays. Retail sales jumped 0.6% in August, a four-month high, and July’s previously flat reading was revised to a 0.3% […]
Commercial Real Estate & Business News – September 12, 2014
Cloudy Outlook for Retail Loan Delinquencies Retail CMBS loan delinquencies have fallen to their lowest level since 2009, but experts worry that store closings, along with e-commerce, could negatively impact loan performance in the future, especially when borrowers try to refinance. “The downward trend has continued for retail over the trailing 12-months, one that truly […]
Commercial Real Estate & Business News – September 11, 2014
Please take a moment in silence today as we remember the travesty that occurred 13 years ago today. Thoughts and prayers to the families, friends, and people in our armed services. Deal Would Bolster Dollar General against Wal-Mart Dollar General Inc.’s hostile bid for Family Dollar Stores Inc., if approved, could help add market share, […]
Commercial Real Estate & Business News – September 10, 2014
Phoenix Population Has Grown, Especially Among Youth Whether a transplant or a native, Arizona residents have seen the state grow immensely, and a census report shows just how much. From 1970 to 2010, the population of the metro Phoenix area — and most of Arizona, in general — has increased by more than 130 percent, […]
Commercial Real Estate & Business News – September 9, 2014
Industrial Sector Suits Up If Q1 reports are any indication, the Phoenix metro?s industrial sector is suiting up for an interesting year. Intel finished construction on its 2.2MSF manufacturing fab in Chandler, Ariz. It sits vacant with hopes for adaptations into a manufacturing facility for chips. The 700KSF Buckeye Business Center is under construction without […]