Commercial Real Estate & Business News – June 17, 2014
Pollack: The Economy Is Being Fickle According to the National Bureau of Economic Research (NBER) the current economic expansion is five years old this month. Under more normal business cycle conditions the economy would be pushing the pedal on growth around this time… Read more LBA Realty Pays $27.97 Million For Vacant Distribution Center On […]
Commercial Real Estate & Business News – June 16, 2014
Commercial Real Estate Didn’t Boom and Bust. Is This Why? When the U.S. housing market boomed and busted in the past decade, commercial real estate was comparatively placid. Prices were more stable, there was little overbuilding, and bankruptcies never soared. The question is why. A research paper attributes the stability of commercial real estate at […]
Commercial Real Estate & Business News – June 13, 2014
The End of the Shopping Center: Postponed With the rise of ecommerce, who needs shopping centers or malls? Amazon will ship whatever we need right to our door – maybe by even sending a cool little drone buzzing around our neighborhood one day. But with all of that one-click convenience, online shopping is projected to […]
Commercial Real Estate & Business News – June 12, 2014
Optima Assembling Kierland Site for Residential-Hotel Project A prime property located along Scottsdale Road at the entrance to the Kierland community is planned for a $250 + million residential and hotel project. The mixed-use complex is being proposed by the developer of the popular Optima luxury residential communities. Optima DCH Development Inc. is in the […]
Commercial Real Estate & Business News – June 11, 2014
New Buyer From Oregon Spends $33.3 Million For 252 Apartments In Chandler In its first investment in the Valley, Oregon Pacific Investment and Development Co. in Portland, Ore. (Randy Lovre, Julie Leuvrey, co-presidents) paid $33.3 million ($132,143 per unit) to acquire the 252-unit Pinnacle Queen Creek apartments at 800 W. Queen Creek Road in Chandler. […]
Commercial Real Estate & Business News – June 10, 2014
Home Prices Under Peak in 46% of Counties Home prices in 46% of US counties were still 30% or more below their 10-year peaks in March, according to RealtyTrac. The firm reports that while 724 counties fell into this category, 315 counties – 20% – reached a new 10-year peak in 2013 or 2014. Major […]