Commercial Real Estate & Business News – January 2, 2014
HAPPY NEW YEAR! Cap Rate Outlook: Inflation vs. Investor Demand Cap rates often rise when interest rates rise, but that may not be the case in many markets in 2014. In the short-term, continued strong demand from equity investors should keep in check any potential hikes to cap rates that buyers hope will accompany higher […]
Commercial Real Estate & Business News – December 31, 2013
Year In Review: 2013’s Top CRE News in Phoenix CoStar News continued to cover the biggest deals and dealmakers in commercial real estate in 2013, our 15th year serving as a major source of industry news. Our research analysts and journalists provided timely reporting and insightful views on the trends and transactions that shaped the […]
Commercial Real Estate & Business News – December 30, 2013
In an effort to keep our clients and colleagues informed about the Phoenix commercial real estate market we send out a daily email with the “Top 5” news stories that affect you. Each day we will sort through various industry publications and local news sources and narrow down the top local articles that matter to […]
Commercial Real Estate & Business News – December 23, 2013
Lowe Enterprises/Jp Morgan Venture Closes $51 Million Deal For Valley Office Projects Companies formed by Lowe Enterprises and J.P. Morgan Asset Management paid $51 million to buy 325,824 sq. ft. of office space in two projects in Phoenix and Scottsdale. The sellers in two transactions were companies formed by CJK Investments… Read more Trigate Adds […]
Commercial Real Estate & Business News – December 20, 2013
Economic Development Groups Are Bullish on Arizona They are our sales representatives, those intrepid souls knocking on doors in California, China, Germany and New York. They are the smiling faces standing behind CEOs, mayors and the governor when a new business arrival is announced. They are the economic development organizations of Arizona. It’s an alphabet […]
Commercial Real Estate & Business News – December 19, 2013
Desert Troon Re-Purchases North Scottsdale Trophy Asset Desert Troon Companies is once again the owner of the Perimeter Gateway I office building complex. Troon had owned the North Scottsdale trophy asset until November 23rd, 2011 when the special servicer for the $44m CMBS note encumbering the property foreclosed. The subsequent bank sale was for $26m […]