Commercial Real Estate & Business News – November 20, 2013
Chandler, Gilbert Among Best Cities for Home Sellers Where are the best spots in the country to sell a home right now? According to research from Movoto, two Arizona cities made the cut. Chandler and Gilbert are among them. The online brokerage recently ranked Chandler and Gilbert ninth and tenth, respectively, in the nation. Scroll […]
Commercial Real Estate & Business News – November 19, 2013
Phoenix Area Will be Among the Fastest Growing Metro Regions Next Year A new national report predicts the Phoenix area will be among the fastest-growing metro regions of the country next year, posting figures well ahead of the more-plodding gains forecast by Arizona’s economists. The report, released Monday for the U.S. Conference of Mayors, suggests […]
Commercial Real Estate & Business News – November 18, 2013
Lowe Enterprises Teaming Up with JP Morgan Entity to Buy Valley Office Projects A joint venture formed by Lowe Enterprises in Los Angeles and J.P. Morgan Asset Management has agreed to pay $50+ million to buy 325,824 sq. ft. of office space in two projects in Phoenix and Scottsdale. The properties are owned by CJK […]
Commercial Real Estate & Business News – November 15, 2013
REITs Need To Focus On Low Leverage and High Transparency for Future Success While in many respects the last two decades can be viewed as a “golden era” for real estate investment trusts, having grown from a total market capitalization of $32 billion in 1993 into a market force on Wall Street with a market […]
Commercial Real Estate & Business News – November 14, 2013
New Wave of Retail Tenants Filling Power Centers During the recession, hundreds of retail power center tenants went dark, putting millions of square feet of vacant space back on the market. Store chains like Circuit City, Borders and Mervyns went bankrupt, while others such as Best Buy and Linens N Things, sharply reduced their number […]
Pigs Don’t Fly, But Chickens Do Come Home To Roost – by Neal Churney, CCIM
“Pigs don’t fly, but chickens do come home to roost”. Tucker Hart Adams, PhD. and Senior Partner with Summit Economics, LLC used this quote at CCIM’s conference in Denver, Colorado to illustrate the point that there is no reason to believe that this time the economy will be different than any other time in history. […]