Commercial Real Estate & Business News – August 29, 2014
Have a Happy and Safe Labor Day Weekend! Second Wind: Apartment REITs Beat Expectations in 2Q With the exception of California-focused Essex Property Trust and rust belt-based Associated Estates, everyone has a stake in the nation?s capital. And, on the surface, that should be bad news for the sector. With weaker-than-expected job growth and a […]
Commercial Real Estate & Business News – August 28, 2014
Tribe to Break Ground on Casino Near Glendale The Tohono O’odham Nation will break ground tomorrow on its controversial $500 million casino in the West Valley near University of Phoenix Stadium. The Arizona tribe has been in legal and political fights — including with other tribes and U.S. Sens. John McCain and Jeff Flake — over the […]
Commercial Real Estate & Business News – August 27, 2014
Apartment Construction Ominously Nears 25-Year High If you live in a major U.S. city and look out over the skyline, chances are good you’ll see construction cranes. Lots of them. Only twice in the past 25 years have new apartment buildings been going up as fast as they are right now. That’s not necessarily a […]
Commercial Real Estate & Business News – August 26, 2014
IREM Report: Shopping Centers Generating More Income Shopping centers across the country are generating more sales and income, based on the latest findings from Chicago-based IREM. The association?s 2014 Income/Expense Analysis: Shopping Centers reports that the median income for open shopping centers across the country stood at $17.18 a square foot in 2013. That?s up […]
Commercial Real Estate & Business News – August 25, 2014
Large Phoenix Apartment Complex Faces Foreclosure A large Phoenix apartment complex faces foreclosure over a $59.4 million loan. The 856-unit Saratoga Ridge Apartment Homes complex at Bell Road and 14th Street faces a foreclosure sale on November 4. The complex is owned by GS Saratoga Ridge LLC, an arm of Charleston, South Carolina-based Greystar, according […]
Commercial Real Estate & Business News – August 22, 2014
Crow Holdings Buying Tempe Apartments in $47+ Million Deal Crow Holdings is expected to pay just over $47 million ($115,319 per unit) to acquire the 408-unit Grigio Metro apartments at 1811 E. Apache Boulevard in Tempe. The seller is a company formed by Gray Development Group and Canyon Johnson Urban Funds… Read more » Alter Group Books $16m […]