Commercial Real Estate & Business News – September 24, 2013
Deloitte: U.S. Holiday Sales to Rise 4% to 4.5% Holiday sales are expected to climb to between $963 and $967 billion, representing a 4% to 4.5% increase in November through January holiday sales (excluding motor vehicles and gasoline) this year from last year’s season, according to the new Deloitte holiday sales forecast. The growth rate […]
Commercial Real Estate & Business News – September 23, 2013
JV Pays $23M for Elliot Corporate Center Everest Holdings of Scottsdale, AZ has joined with Chicago-based Walton Street Capital to acquire the 223,392-square-foot Elliot Corporate Center. The JV paid $23.5 million to acquire the three-story office building from TIC investors headed by Thompson National Properties LLC… Read more Liberty Center at Rio Salado Ready for […]
Commercial Real Estate & Business News – September 17, 2013
Multifamily Development Picks Up Despite Falling Demand Over the past few years, renter household formation has outpaced owner household growth, as many young homeowners are being sidelined by unemployment and student debt. However, recent statistics show that the majority of new renters might not be searching for… Read more Bank of America Tower in Midtown […]
Commercial Real Estate & Business News – September 16, 2013
Phoenix Biomedical Campus launching 150KSF Lab Building While construction already is underway on a $100M outpatient cancer treatment clinic on the Phoenix Biomedical Campus, two more projects there are in the works. An $18M parking structure is scheduled to begin construction during the second quarter of 2014… Read more Cole Reit Pays $56.33 Million To […]
Commercial Real Estate & Business News – September 13, 2013
Retail Buyer Pool Is Only Getting Larger The buyer pool for hard assets in general is growing and the retail property sector is at the forefront of this growth. Historically, insurance companies, pension funds, state employee funds, life insurance companies, and publicly traded REITs were the main players in the investment landscape. However, that […]
Commercial Real Estate & Business News – September 12, 2013
College Towns Draw CRE Investor Interest Colleges and universities are a boon to local economies in more ways than just providing a steady supply of students who fuel demand for beer and pizza joints. Academic institutions are often the life blood for many “college towns.” In addition to hosting a ready-made pool of consumers, schools […]