Commercial Real Estate & Business News – March 13, 2014
Industrial Space Demand Could Approach Record Levels in 2014 A new report released by the NAIOP Research Foundation says that net demand for industrial space could reach 250 million square feet in 2014, surpassing the near-record level of 233 million square feet set in 2013. This significant level of absorption is due to the expected […]
Commercial Real Estate & Business News – March 12, 2014
GoDaddy Founder Bob Parsons To Buy Scottsdale Parcel Golf course-community developer Lyle Anderson has sold a prime piece of Scottsdale land to GoDaddy founder Bob Parsons. The site, at Dynamite Road and 118th Street, no longer will be developed into the Sierra Reserve community Anderson had planned. Details about Parsons’ plans for the property are […]
Commercial Real Estate & Business News – March 11, 2014
Developer Proposes New Additions To Scottsdale Quarter Glimcher Realty Trust has submitted plans for the next phase of Scottsdale Quarter. The proposed building, at Butherus Drive and 73rd Street,would have 30,000 square feet of retail, topped by office space. The building would be six stories tall with an integrated garage. The site is 2.7 acres […]
Commercial Real Estate & Business News – March 10, 2014
Limited Availability Driving Development The Rockefeller Group announces that it is building an 82,000- square-foot flex/office building on 8.2 acres within the campus. The building is anticipated to be completed in mid-2014 and is the company’s second spec building to be constructed in Chandler Corporate Center. Chandler Corporate Center is a master-planned business park at […]
Commercial Real Estate & Business News – March 7, 2014
Labor Shortages, Materials Costs Plague Apartment Builders The uneven economic recovery is having an uneven effect on the price of construction. Overall, the cost of construction for apartment properties continues to rise faster than inflation, at a rate of about 2 percent to 6 percent a year, according to developers. That roughly matches the analysis […]
Commercial Real Estate & Business News – March 6, 2014
Carval Investors Acquires Pima Center Office Buildings For $50 Million A venture between CarVal Investors in Hopkins, Minn. (John Brice, CEO) and MainspringCapital Group in Scottsdale paid $50 million ($183.97 per foot) to buy roughly 272,000 sq. ft. of office space within the Pima Center mixed-use business park on the Salt River Pima-Maricopa Indian Community. […]