Commercial Real Estate & Business News – June 27, 2014
Reputation.com Opening Tempe Office, Could Hire 150 Reputation.com, a web service that scours the Internet for references to people and businesses, has leased Tempe office space and intends to hire up to 150 people by 2015. The website will occupy 20,000 square feet in the previously vacant Anasazi Office Building on East Guadalupe Road for […]
Commercial Real Estate & Business News – June 26, 2014
Crowdfunding Makes Mark in Phoenix 7th Gate Center, a 43,426 square foot mixed-use project located at 1601 N. 7th Street in Phoenix, closed for $5 million. Braxton Glass, vice president of ORION Investment Real Estate in Scottsdale, facilitated the transaction purchased by Cole Valley Partners, a boutique commercial real estate investment firm based in San […]
Recap – Summer Doldrums or the new normal? ASU Real Estate Council Breakfast Meeting
I attended the ASU Real Estate Council hosted event yesterday that Mark Strapp moderated. Pete Bolton at NGKF and Chris Toci at Cushman & Wakefield were the panelists. Here are some interesting points that I walked away with: Apartments/Single Family Market: -There are approx. 240,000 single family rental (SFR) homes in the metro – estimated […]
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 […]