Commercial Real Estate & Business News – June 20, 2014
BH Properties Follows a Value-Add Path When Los Angeles-based BH Properties decided to jump back into the multifamily market after the recession, finding a value-add opportunity at a class C or B- property seemed to be the best option. So, in late 2010, the company began an acquisition spree by purchasing Fiesta Park in Mesa, […]
Commercial Real Estate & Business News – June 19, 2014
Tempe Rising: The Landlocked College Town Explodes With New Development Jared Diamond, the Pulitzer Prize-winning author of the bestsellers Guns, Germs and Steel and Collapse, is surrounded by a few academics and fans at a wine-and-cheese reception on the north patio of Tempe Center for the Arts. It’s November 5, the weather’s gorgeous, and the […]
Commercial Real Estate & Business News – June 18, 2014
Seattle Investor Pays $65 Million ($169,713 Per Unit) For Chandler Apartments Pillar Communities LLC in Seattle, Wa. (Jim Almon, principal) paid $65 million ($169,713 per unit) to buy the 383-unit Parcland Crossing apartments located just south of the 202 Freeway at the northeast corner of Willis and Alma School roads in Chandler. The seller was […]
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 […]