Commercial Real Estate & Business News – August 13, 2014
Top 10 Metros for New Apartment Construction Permits While multifamily permitting was a big driver of all residential sector activity most of the year, the summer has seen a bit of a slowdown, according to research firm Axiometrics. In June, the annualized rate of multifamily permit activity dropped by double-digit percentage for the second straight […]
Commercial Real Estate & Business News – August 12, 2014
New Projects Target Scottsdale’s Thomas Road Art Nolte remembers when Thomas Road, one of south Scottsdale’s major east-west corridors, wasn’t even paved headed west to Phoenix. The 74-year-old has owned and operated Scottsdale Automotive Specialists, on Thomas, two blocks west of Scottsdale Road, for 46 years…. Read more » Security Properties Grabs Mesa Apartments for $30M Security Properties, […]
IDW Update – Single Family Homes July 2014
Every year, Arizona School of Real Estate & Business (www.ASREB.com) host an Instructor Development Workshop (IDW) for instructors to obtain updates on new laws that impact real estate in Arizona. Part of the update always includes a residential real estate market update. This year, Fletcher Wilcox from Grand Canyon Title Agency provided the update. Here […]
Commercial Real Estate & Business News – August 11, 2014
Low Rates Boost REITs, Commercial Real Estate Stocks As interest rates hover near recent lows, and investors search for anything with yield, commercial real estate is finding its footing yet again, outperforming the broader U.S. stock market. Stock exchange-listed U.S. equity real estate investment trusts were up 16.25 percent… Read more » Old Resort Site To Feature […]
Commercial Real Estate & Business News – August 8, 2014
JLB Partners Taking Over Apartment Project Planned On Scottsdale Road JLB Partners L.P. in Irving, Tex. (James Bosler, chairman) is now in the driver’s seat to develop an apartment project located near the southwest corner of Osborn and Scottsdale roads in Scottsdale. In February, BREW reported Transwestern of Houston, Tex… Read more » Sprouts to Open New Store […]
Commercial Real Estate & Business News – August 7, 2014
Millennials Driving Phoenix Multifamily Market, But A Drag On Housing Millennials and college students are very much driving the local multifamily marketplace as younger demographics are propelling new developments in Tempe, Scottsdale and central Phoenix. They are also driving landlords to put in more amenities and generally smaller units… Read more » Retail Sales Strong, Even As Pace […]