Commercial Real Estate & Business News – April 17, 2014
Price Momentum Continues to Build for Commercial Real Estate Based on an analysis of 1,028 repeat sales in February 2014 and more than 125,000 repeat sales since 1996, the CCRSI found commercial real estate prices registered broad gains during that month. The two broadest measures of aggregate pricing for commercial properties within the CCRSI-the value-weighted […]
Commercial Real Estate & Business News – April 16, 2014
?Who Will Win the Battle for the Millennial Grocery Shopper? When it comes to the grocery discount battle, Walmart remains the king. With 55 percent of Walmart’s annual revenue coming from grocery sales, the brand is the biggest grocer in the U.S. Many mistakenly assume that Target would be chief among millennials when it comes […]
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 […]