Commercial Real Estate & Business News – February 17, 2014 – Happy President’s Day!
Downtown Phoenix Art-Deco High-Rise Will Get $40 Million Makeover The 13-story Art Deco Professional Building at Central Avenue and Monroe Street in the heart of downtown Phoenix has been sold to CSM Corporation and will be converted into a premium select-service hotel. The building originally opened in 1932, housing the offices for Valley Bank and […]
Commercial Real Estate & Business News – February 14, 2014
Odds of Getting a Job in the Western U.S.? Best in 6 years The odds of finding work in Western states nearly matched the national average in December, nearly ending a six-year run of tougher prospects for the jobless in the West, federal data shows… Read more Kornwasser Cleared for Next Phase at Higley Pavilion […]
Commercial Real Estate & Business News – February 13, 2014
Apartment Tower, Whole Foods Planned for Downtown Tempe in $80-100 Million Project A failed mixed-use project in downtown Tempe that once promised a condominium high-rise and a Whole Foods grocery store is being revived. Greenwood Village, Colo.-based Alberta Development Partners LLC paid $6.1 million for less than 2 vacant acres at the northwest corner of […]
CCIM Tucson Forecast 2014
I was recently quoted for my attendance at the Southern Arizona CCIM Chapter 23rd Annual Forecast Meeting yesterday. The whole article can be viewed here. The event was well attended and had good information presented on the Tucson Market. I do believe my quote sums up the Tucson Market pretty well, “The Tucson Market appears […]
Commercial Real Estate & Business News – February 12, 2014
Colrich Acquires Scottsdale Apartments For $23 Million ($122,340 Per Unit) A company formed by ColRich in San Diego, Calif. (Danny Gabriel, principal) paid $23 million ($122,340 per unit) to purchase the 188-unit Chazal Scottsdale apartments located at 1075 N. Miller Road in Scottsdale. The seller was a pension fund advised by AEW Capital Management L.P. […]
Commercial Real Estate & Business News – February 11, 2014
Out of the Park: With Opening Done, Mesa Leaders Expect Cubs, Riverview Parks to Become Economic, Social Drivers It took nearly four years and millions of dollars – the city had up to $99 million in voter-approved bond funding for the baseball facility alone – for the Riverview Park and Cubs Park projects to come […]