Commercial Real Estate & Business News – February 10, 2014
Market Trend: Phoenix’s Office Deliveries, Construction and Inventory During the fourth quarter 2013, one office building totaling 5,200 square feet were completed in the Phoenix market area. This compares to one building totaling 68,867 square feet that were completed in the third quarter 2013… Read more Las Aguas Redevelopment Set for McDowell Corridor Developers in […]
Commercial Real Estate & Business News – February 5, 2014
MBA Forecasts $300 Billion in 2014 Originations Despite all the uncertainty out there, originations of commercial and multifamily mortgages should be 7% higher in 2014 versus the prior year. The total volume will grow to $300 billion by year’s end, according to the Mortgage Bankers Association… Read more Loop 101-Via Ventura Growing into Family Theme […]
Commercial Real Estate & Business News – February 4, 2014
ARCP and Cole Approve Merger American Realty Capital Properties, Inc. (ARCP) and Cole Real Estate Investments, Inc. announced that each company’s stockholders, at separate special meetings held earlier, have approved the proposals related to the merger of Cole with and into a wholly owned subsidiary of ARCP, pursuant to the definitive merger agreement dated as […]
Commercial Real Estate & Business News – February 3, 2014
Light Rail in Chandler Possible in Future It may be decades away, but Chandler officials want to bring light rail to the city. City leaders are planning to study the potential for the mass-transit line along Arizona Avenue in more detail after initial reviews suggested that it might be feasible… Read more Historic Camelback Corridor […]
Commercial Real Estate & Business News – January 31, 2014
Mark-Taylor Developing Luxury Rental Project At Former Rawhide Site In Scottsdale Mark-Taylor Inc. in Scottsdale (Jeff Mark, Scott Taylor, principals) plans to build a 252-unit luxury rental complex on a portion of the former Rawhide western town theme park in Scottsdale. The 16.7-acre site for the planned multi-family project is located along the east side […]
Commercial Real Estate & Business News – January 30, 2014
For U.S. Office Market, It Was a Very Good Year Investors are cheering the gains in asset values seeen during 2013 from a strengthening recovery in the U.S. office market, and looking forward to an even brighter 2014 as virtually all the important metrics that drive rent growth and property income are expected to continue […]