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 […]
Commercial Real Estate & Business News – July 15, 2014
Life Cos. See Stronger Returns on CRE Loans Life companies’ commercial mortgage portfolios posted a 2.43% total return in the first quarter of 2014, improving over Q4 2013’s performance of 0.38% while also stronger than the year-ago total return of 1.995%, according to the LifeComps Commercial Mortgage Loan Index released Monday. The data have been collected […]
Commercial Real Estate & Business News – July 14, 2014
Student Housing Project At ASU Sold To TIC Group For $38.7 Million Three tenant-in-common entities paid $38.7 million ($172,000 per unit) to acquire the 225-unit Block 1949 student housing property located east of Arizona State University at 1949 E. University Drive in Tempe. The new owners of the 640-bed complex have renamed the project Regents […]
Commercial Real Estate & Business News – July 9, 2014
Foretelling A Future Without Fannie And Freddie Despite their recent profitability, the government-sponsored enterprises may soon depart. Although the United States has a free-market economy, its government provides key financial backstops to keep the economy from derailing during a crisis. The Federal Deposit Insurance Corp. guarantees most bank deposits and, in the real estate market, […]