Commercial Real Estate & Business News – April 15, 2014
Consumers Feeling Better About Current Conditions, Outlook; PPI Rises in March The preliminary Reuters/University of Michigan consumer sentiment index for April came in at 82.6 on Friday, according to the university, an increase from 80.0 at the end of March, and 79.9 in mid-March. The latest reading is the highest since last summer. Both components […]
Commercial Real Estate & Business News – April 14, 2014
New Industrial Park in Gilbert The project known as Park Lucero is located on 48.1 acres at the northwest corner of Mustang Drive and Germann Road near the Chandler/Gilbert border. The site has frontage along the Loop 202 freeway and Germann Road and is directly adjacent to more than one million square feet of retail […]
Commercial Real Estate & Business News – April 11, 2014
Hines Planning $150 Million Mixed-Use Project Near Chandler Fashion Center Hines Interests Limited Partnership in Houston, Tex. (Gerald Hines, principal) is planning to develop a $150 million residential, office, retail and hotel complex next to the Chandler Fashion Center regional mall. Hines has filed a zoning application in Chandler for the upscale mixed-use project. If […]
Commercial Real Estate & Business News – April 10, 2014
Adjacent Tempe Multifamily Assets Sold for $27.35m Two Tempe apartment complexes sold yesterday for a combined $27.35m or $62,018 per unit. Steve Wasserman of Gelt, Inc. acquired the properties from Bank of America Community Development with a combination of $6,837,500 in cash and $20,512,500 in new debt with New York Community bank… Read more Growing […]
Commercial Real Estate & Business News – April 9, 2014
Canadian Investment Funds Continue to Target Southwest U.S. Apts. Canadian funds and REITs continue to be among the most active buyers of multifamily properties in U.S. Sunbelt states. One the latest deals comes from Starlight U.S. Multi-Family Core Fund, a newly created fund sponsored and managed by Starlight Investments Ltd in Toronto… Read more Lenders […]
America’s Housing By the Numbers from Economic Focus
America’s Housing By The Numbers AMERICA’S 10 FASTEST GROWING METRO MARKETS Metro Area Population %Gain New Residents Austin, TX 1.9 million 2.6% 47,941 Houstion, TX 6.3 million 2.2% 127,782 Raleigh, NC 1.2 million 2.2% 26,012 Orlando, FL 2.3 million 2.0% 44,390 San Antonio, TX 2.3 million 1.9% 43,390 Denver, CO 2.7 million 1.9% 50,782 Nashville, […]