Commercial Real Estate & Business News – January 13, 2014
Copper Point Business Park Sells for $12.75 Million ORION Investment Real Estate announced the closing of Copper Point Business Park, a three-building, two-story, Class-A office/retail complex, located in the Gilbert, for $12.75M ($117 per SF) to West Coast Capital Partners…Read more The Valley’s Strip Mall Dilemma A brief tour of downtown and the Valley’s suburbs […]
Commercial Real Estate & Business News – January 10, 2014
Commercial Real Estate Set To Show Strong 2013 Sales Commercial property sales accelerated in 2013, continuing a years-long recovery after activity came to a near-halt during the financial crisis and recession. Buoyed by steadying job growth, improving real estate fundamentals and eager capital, buyers throughout the first 11 months of 2013 ponied up more than […]
Commercial Real Estate & Business News – January 9, 2014
Commercial Lenders to Expand Their Appetites Demand for commercial and multifamily mortgage lending is expected to increase in 2014 as lenders grow their appetite for new business, a report from the Mortgage Bankers Association said Wednesday. The report covered a survey of top commercial and multifamily mortgage origination firms… Read more W.P. Carey buys Tempe […]
Commercial Real Estate & Business News – January 8, 2014
Scottsdale Apartments Sell For $53.65 Million…Abacus Returns To Valley Market After being on the inactive list as a buyer of multi-family projects in the Valley for almost six years, the privately-held Abacus Capital Group LLC in New York City, N.Y. (Benjamin Friedman, pres.) has returned to the game with a major splash… Read more Montelucia […]
Commercial Real Estate & Business News – January 7, 2014
CRE Will Stay On Road to Recovery in 2014 The US real estate recovery is set to continue along the path of recovery this year, with investors increasingly looking beyond some of the traditionally popular markets to secondary markets in search of higher yields, according to Emerging Trends in Real Estate 2014, co-published by PwC […]
Commercial Real Estate & Business News – January 6, 2014
What’s the Worry? Housing Bubble Concerns Unjustified in Current Recovery Only a few days into the New Year and already we’re hearing worries about a bubble in the recovering U.S. residential housing market. It seems that some analysts can’t go one year without an overhanging fear of catastrophe. While most cities are seeing continual, albeit […]