Commercial Real Estate & Business News – November 4, 2013
44 Monroe Sold to Boston REIT for $40 Million Downtown Phoenix’s 44 Monroe – Arizona’s tallest residential tower – has officially been sold to a publicly-traded real estate investment trust in Boston for $40 million. The sale was part of a $246 million portfolio deal that included three other luxury apartment projects… Read more MF […]
Commercial Real Estate & Business News – November 1, 2013
Tenant Leases Under-Construction EastGroup@Chandler Arizona Nutritional Supplements has signed a seven-year deal to take the entire 126,251-square-foot EastGroup@Chandler Freeways industrial facility. The tenant signed the approximately $5 million contract with landlord EastGroup Properties LLC less than six months after ground broke on the facility… Read more Sanmar Looking to Occupy Avondale Project that May Be […]
Commercial Real Estate & Business News – October 31, 2013
HAPPY HALLOWEEN!!
Commercial Real Estate & Business News – October 30, 2013
Construction Set for Next Scottsdale Quarter Phase The Scottsdale Quarter plans to start construction next month on a third phase that will include more retail space and 275 apartments. A six-story building is planned at 73rd Street and Greenway-Hayden Loop, just east of Scottsdale Road. The project, including 22,400 square feet of retail, is targeted […]
Commercial Real Estate & Business News – October 29, 2013
Net Lease Cap Rates Inch Up in 3Q13 After hitting record lows in 2Q13, average and median capitalization rates began to increase slightly in 3Q13. Rates are likely to remain relatively stagnant through year-end, according to NNNet Advisors’ 3Q13 Single-Tenant Net Lease Property Report… Read more Fresh & Easy Hearing Set for Nov. 19 Fresh […]
Commercial Real Estate & Business News – October 28, 2013
How a Restaurant Group Reinvigorated One Phoenix Neighborhood Arguably best known for its wine cafe concept Postino, Phoenix-based Upward Projects has given residents in the north Central neighborhood more than wine and bruschetta to whet their appetite. Their other concepts such as gastropub Windsor, old-school ice cream parlor Churn and pizza joint Federal Pizza create […]