Commercial Real Estate & Business News – July 23, 2014
Why Millennial Investors Love Real Estate Millennial investors seem to understand that a well-balanced portfolio shouldn?t just consist of traditional blue-chip equities and bonds, but a variety of asset classes. This generation was, and continues to be, greatly impacted by the Great Recession in several ways… Read more » Multifamily Occupancy Stays Above 95 Percent in June […]
Commercial Real Estate & Business News – July 22, 2014
Arizona Tourism Back To Pre-recession Levels, Still Short Of Expectations Tourism in Arizona is now back to where it was before the recession — and SB 1070 — hit, but it’s nowhere near where it should be, according to the state’s top tourism official. Figures from a study done for the Arizona Office of Tourism […]
Commercial Real Estate & Business News – July 21, 2014
Heitman Buys Camelback Road Apartments For $276,852 Per Unit…Sets Record Heitman America Real Estate Trust (HART) in Chicago, Ill. paid $74.75 million ($276,852 per unit) to acquire the 270-unit Broadstone Camelback apartments located in the Biltmore area of Phoenix. The purchase price is believed to be the highest dollar amount per unit ever paid for […]
Commercial Real Estate & Business News – July 18, 2014
Why Phoenix May Well Be The Most Appropriately Named City In America The Phoenix is a mythical bird that burns to ashes, only to be reborn again and again. The city that bears its name consistently does the exact same thing. However, unlike the mysticism and magic implied in the bird rising from its own […]
Commercial Real Estate & Business News – July 17, 2014
Theranos Bringing 500 New Jobs To Scottsdale’s Skysong Palo Alto, California-based Theranos is expanding to Scottsdale, leasing a 20,000-square-foot wing at the newest SkySong building and hiring more than 500 people to staff the new operations. Sharon Harper, president and CEO of Plaza Cos., the master developer of the SkySong project at Scottsdale and McDowell […]
Commercial Real Estate & Business News – July 16, 2014
U.S. Strip Mall Vacancies Decline In Second Quarter U.S. strip mall vacancies fell slightly in the second quarter, while retail mall vacancies remained unchanged, real estate research firm Reis Inc said in a report. The national vacancy rate for strip malls was 10.3 percent, down from 10.4 percent in the first quarter and 10.5 percent […]