Commercial Real Estate & Business News – August 1, 2014
One Day after $165.8m Portfolio Sale: $75m in Sales and a $60m Notice Before the ink was dry on PB Bell’s acquisition of seven multifamily assets from the Bethany Kingdom I portfolio, an additional 775 units in two assets were sold for a combined $75.5m and a third, 856-unit asset was noticed for trustee sale […]
Commercial Real Estate & Business News – July 25, 2014
US Jobless Claims Tumble To Lowest Level In Nearly A Decade The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction. Initial claims for state unemployment benefits declined 19,000 to a seasonally adjusted 284,000 for the […]
Commercial Real Estate & Business News – July 24, 2014
New Lenders Enter Property Market and Think Small A new group of lenders has begun to target properties valued at $10 million and less, and that is good news for mom and pop landlords and small-business owners. Lenders, including ones controlled by asset managers Waterfall Asset Management, Guggenheim Partners LLC and Sabal Financial Group LLC, […]
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 […]