Commercial Real Estate & Business News – June 25, 2014
Not Enough New Homes Being Built In The Us, Especially At First Time Buyer Level New home construction activity is currently insufficient in most of the United States and some states could face persistent housing shortages and affordability issues unless housing starts increase to match up with local job creation. In a new analysis the […]
Commercial Real Estate & Business News – June 24, 2014
PwC Investor Survey Highlights Positive Growth Outlook in Real Estate Investors expect positive trends to continue in the commercial real estate industry for the rest of 2014 despite anticipating rising interest rates, according to consulting firm PwC. A PwC survey of real estate investors in the second quarter of 2014 noted that respondents expressed confidence […]
Commercial Real Estate & Business News – June 23, 2014
Canadian Investment Fund Picks Up 152 Units Within Scottsdale Multi-family Project A limited partnership formed by Optimus US Real Estate Fund in Calgary, Alberta, Canada, (Arthur Wong, CEO) paid $19 million ($125,000 per unit) to buy 152 units within The Allison condominium project at 14145 N. 92nd Street in Scottsdale. The seller was Holualoa Allison […]
Commercial Real Estate & Business News – June 20, 2014
BH Properties Follows a Value-Add Path When Los Angeles-based BH Properties decided to jump back into the multifamily market after the recession, finding a value-add opportunity at a class C or B- property seemed to be the best option. So, in late 2010, the company began an acquisition spree by purchasing Fiesta Park in Mesa, […]
Commercial Real Estate & Business News – June 19, 2014
Tempe Rising: The Landlocked College Town Explodes With New Development Jared Diamond, the Pulitzer Prize-winning author of the bestsellers Guns, Germs and Steel and Collapse, is surrounded by a few academics and fans at a wine-and-cheese reception on the north patio of Tempe Center for the Arts. It’s November 5, the weather’s gorgeous, and the […]
Commercial Real Estate & Business News – June 18, 2014
Seattle Investor Pays $65 Million ($169,713 Per Unit) For Chandler Apartments Pillar Communities LLC in Seattle, Wa. (Jim Almon, principal) paid $65 million ($169,713 per unit) to buy the 383-unit Parcland Crossing apartments located just south of the 202 Freeway at the northeast corner of Willis and Alma School roads in Chandler. The seller was […]