Commercial Real Estate & Business News – December 3, 2013
The Beginning of the End for the Apartment Pricing Boom? The apartment boom is eventually coming to an end; it’s only a question of when. An increase in deliveries and a cooling off or stabilizing of purchases by REITs are a couple of the reasons why this property type will likely see a correction in […]
Commercial Real Estate & Business News – December 2, 2013
Revenue Skyrockets as Sales of State Land Strengthen Aided by the improving economy and land prices, the Arizona State Land Department has brought in more revenue recently, a trend that is likely to continue as the state auctions off more land, including prime property in Phoenix’s Desert Ridge area… Read more CalSTRS and First Industrial […]
Commercial Real Estate & Business News – November 27, 2013
I hope you have a Happy Thanksgiving! Arizona Much Closer to Becoming Digital Desert Moneycation takes a close look at whether Arizona finally is beginning to boom as a Silicon Valley. Find out what this management information and financial news website says about the future and potential of the state’s efforts to become a tech […]
Commercial Real Estate & Business News – November 26, 2013
Goldman Sachs Drops $64.95 Million For 720 Apartments In Three Valley Projects A company formed by Goldman Sachs Group Inc. paid $64.95 million (average of $90,208 per unit) to buy 720 apartment units in three Valley properties. The sellers in three separate transactions were companies formed by Camden Property Trust in Houston. Goldman Sachs now […]
Commercial Real Estate & Business News – November 25, 2013
Washington State Firm Spends $39.65 Million for Avondale Industrial Project A company formed by Lake Washington Partnerspaid $39.65 million ($65.66 per foot) to acquire a 603,863-square-foot distribution facility in Avondale that will be partly occupied by an affiliate of the buyer. The seller in the cash transaction was a venture formed by Trammell Crow Co. […]
Commercial Real Estate & Business News – November 22, 2013
Turnaround Towns: How Orlando and Phoenix are Making a Comeback For a long time the sunny weather in Phoenix and Orlando was matched by their economic climates, as both enjoyed soaring housing prices and prosperity in the early 2000s. Then the Great Recession jolted the cities like a roller coaster at one of Orlando’s theme […]