Commercial Real Estate & Business News – June 9, 2014
Equus Fund Invests $44.15 Million To Buy 223,131 Sq. Ft. of Office Space in Scottsdale Companies formed by Equus Capital Partners paid $44.15 million ($197.87 per foot blended average) to buy 223,131 sq. ft. of office space in two properties in Scottsdale. The sellers in two separate transactions were non-profit pension fund trusts managed by […]
Commercial Real Estate & Business News – June 6, 2014
Arizona Banks Leading Resurgence in CRE Lending, Multifamily Lending Up 15% Nationally Going by percentages, Arizona banks increased their CRE loans outstanding by 50% year-over-year. Utah followed at a 27% increase. Banks in both Arizona and Utah could see their increasing CRE loan totals continue to grow. Nevada banks’ outstanding CRE loans have declined 33%, […]
Commercial Real Estate & Business News – June 5, 2014
Surprise Could Be in the Running for $5B Tesla Factory The Phoenix suburb of Surprise could be a serious contender to land Tesla Motors Inc.’s coveted $5 billion electric battery factory. The Surprise City Council was set to meet in a private executive session to discuss a possible new business operating at the Southwest Railplex […]
Commercial Real Estate & Business News – June 4, 2014
Arizona Construction Sales up 12%; U.S. Numbers Up 9% Arizona scored double-digit increases in construction spending in January 2014 over the previous year. Nationally, April construction volume was up 8.6 percent compared to the previous year. January is the latest data available for Arizona. The U.S. Census Bureau data is generated more quickly… Read more […]
Commercial Real Estate & Business News – June 3, 2014
5 Coolest Apartment Complexes in Phoenix When it comes to neighborhoods, we’ve dished the dirt on the 10 best, the five up-and-comers, and the five most expensive. Now it’s time to cater to cribs that keep you tuned in without being tied down. Yep, it’s time to take a look at Phoenix’s coolest apartments. From […]
Commercial Real Estate & Business News – June 2, 2014
Despite Seasonal Slowdown, Phoenix Commercial Real Estate Sector Off to Strong Start in 2014 Things have been slowing down in metro Phoenix’s commercial real estate sector – as they usually do during the first three months of the year – but the overall landscape is looking much rosier than it did a year ago… Read […]