Commercial Real Estate & Business News – August 26, 2013
Sprouts Jumps to 45 Percent Sales Gain For its first quarterly earnings call since going public, Phoenix-based Sprouts Farmers Market (Nasdaq: SFM) continued the momentum from its initial public offering, reporting an increase in sales of 45 percent over the same period last year. Read more Mark-Taylor, Kitchell Break Ground On Southern Arizona Development A […]
Commercial Real Estate & Business News – August 23, 2013
Koll Co. Buying Vacant Distribution Center On West Side In $29 Million Deal In what will be its first Valley investment in five years, The Koll Co. in Newport Beach, Calif. (Samuel DePoy, pres.) has agreed to acquire a 682,291-square-foot distribution building located near the northeast corner of Durango Street and 75th Avenue in Phoenix. […]
Commercial Real Estate & Business News – August 22, 2013
Investors Absorb Rate HikeFor Now Although commercial real estate investors have been waiting for a rise in interest rates for months – even years – since the uptick finally arrived in May, buyers, sellers and financiers have all had to make adjustments. The 10-year Treasury rose from 1.7 percent in early May to 2.7 in […]
Commercial Real Estate & Business News – August 21, 2013
Tribe’s Trajectory for Development Along Loop 101 Uncertain Loop 101 on the Salt River Reservation east of Scottsdale winds through pastoral fields, past casinos and baseball stadiums. It has a community college and shopping areas and several office developments. Whether more of the fields, growing primarily cotton, will be supplanted by development is a question […]
Commercial Real Estate & Business News – August 20, 2013
Pollack: Phoenix Economic Factors Continue to Roll Along As of the second quarter of 2013, housing affordability in Greater Phoenix remained very high. According to the National Association of Homebuilders, 76.2% of the families in Greater Phoenix can afford the median priced home. July employment data for Arizona and its political subdivisions indicate that the […]
Commercial Real Estate & Business News – August 19, 2013
Industry Execs Remain Cautious About Recovery Despite ongoing concerns about job creation, interest rates, and economic and fiscal policy, commercial real estate investment continues to make progress toward a slow, bifurcated recovery, according to results of the Real Estate Roundtable’s Q313 Sentiment Survey, which includes perspectives of senior real estate executives from a broad range […]