Commercial Real Estate & Business News – March 17, 2014 – HAPPY ST PATTY’S DAY!
UPDATE: Fresh and Easy Portfolio Sale In November, Fortress Investment Group had signed an agreement to purchase 53 properties from the Fresh and Easy portfolio for a total of $41.5m. On February 25 we had blogged (LINK) the transaction of 11 of these properties. We have since seen a few more transactions and so we […]
Commercial Real Estate & Business News – March 14, 2014
CRE Prices Continue Upward March in January Shrugging off a seasonal slowdown in trading activity, commercial real estate prices continued their steady upward movement in January, according to the latest CoStar Commercial Repeat Sale Indices (CCRSI), analyzing commercial property sales through January 2014… Read more Top 5 Fastest Growing Office Space Occupiers The techies are […]
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 […]