Commercial Real Estate & Business News – October 10, 2013
3Q Report: Metro Phoenix No. 3 In Nation For Office Demand Metro Phoenix ranked 3rd in the Nation for overall office demand during the last quarter with net absorption of 1,008,933 square feet. The only two markets that were higher were Houston with 1.7 million square feet and New York with 1.3 million square feet […]
Commercial Real Estate & Business News – October 9, 2013
Gelt Feeds Phx Appetite with La Paz Acquisition A little more than a month after shelling out $15 million for the 240-unit Versante Apartments in Tempe, AZ, Gelt Inc. is back at it again, this time acquiring the 92-unit La Paz. The Tarzana, CA-based buyer paid $6 million for the class B apartment, and according […]
Commercial Real Estate & Business News – October 8, 2013
Tempe Centerpoint Faces New Future with New Owner Charley Freericks, president of Scottsdale-based DMB, said he looks forward to historic Centerpoint on Mill’s new future. When DMB purchased the land 28 years ago, the city was hoping to redevelop an area that had deteriorated. The site became DMB’s first large-scale, mixed-use development… Read more Whitestone […]
Commercial Real Estate & Business News – October 7, 2013
Supply shortage in Phoenix housing market finally loosening – for now The chronic supply shortage that has had a stronghold on the metro Phoenix housing market this past year is finally loosening its grip and may return to a state of normalcy by year end, according to the latest Arizona State University report released Friday… […]
Commercial Real Estate & Business News – October 4, 2013
Developers Plan Huge Goodyear Business Park A 267-acre business park is planed in Goodyear that developers say could bring thousands of new jobs to the West Valley. According to National Real Estate Investor, the Goodyear AirPark would be developed by Lincoln Property Company… Read more Mesa Updating Transit Plan for Estimated Population Boom in Next […]
Commercial Real Estate & Business News – October 3, 2013
High-Net Worth Investors Covet Real Estate Yields, But Their Objectives Vary Dramatically To market commercial real estate products to high-net-worth individuals, you have to know exactly who you are marketing to, according to wealth management advisors and CPAs. Investment objectives and appetites for risk vary widely among this type of investor. Experiences range from those […]