Commercial Real Estate & Business News – September 26, 2014
Sabal Financial Buys 583,252-Square-Foot Office Portfolio For $51.075 Million Companies formed by Sabal Financial Group L.P. paid $51.075 million (blended average of $87.57 per foot) to buy a combined 583,252 sq. ft. of Phoenix office space. The sellers in four separate cash transactions were commercial mortgage backed securities (CMBS). The special servicer assigned to dispose […]
Commercial Real Estate & Business News – September 25, 2014
Deloitte: Total Holiday Sales to Rise 4% to 4.5%; Non-Store Sales Up 14% Total holiday sales are expected to rise 4% to 4.5% over last season, totaling between $981 and $986 billion, according to Deloitte?s annual retail holiday sales forecast. The growth represents a moderate improvement over last year?s 2.8% gain. Additionally, Deloitte forecasts a […]
Commercial Real Estate & Business News – September 24, 2014
Banks Seeing Lower Loss Rates on Commercial Real Estate U.S. banks are seeing some of the lowest loss rates of the past six years on commercial real estate and construction loans, boosting their case for increased lending activity in the sector… Read more » Five ?Whys? for Commercial Real Estate Investing Commercial real estate is a unique […]
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 […]