Commercial Real Estate & Business News – August 8, 2013
Newland Closes $69.8 Million Acquisition in Final Purchase at Estrella It took a few years longer than what was anticipated, but the developer of the Estrella master-planned community in Goodyear has closed the final phase of the staged purchase of the massive property. A company formed by Newland Communities in San Diego paid just under […]
Commercial Real Estate & Business News – August 7, 2013
Medical Office Sector Continues Healthy Performance A groundswell of medical joint ventures and partnerships combining the strengths of for-profit and not-for-profit providers are leveraging their stronger balance sheets to invest in real estate, emerging as one of the key drivers behind the increased demand for medical office buildings… Read more Cities with the Biggest Pay […]
Commercial Real Estate & Business News – August 6, 2013
MetLife Gets $5 Billion SunTrust Real Estate Commitment MetLife Inc. (MET), the largest U.S. life insurer, won a commitment of as much as $5 billion from SunTrust Banks Inc. (STI) for commercial mortgage loans. The funds from Atlanta-based SunTrust will be provided over the next three years for loans originated by MetLife, the insurer said […]
Commercial Real Estate & Business News – August 5, 2013
Arizona Small-Business Growth Among Strongest in Nation Arizona’s small businesses posted the nation’s second-largest hiring gains in July, with 0.08 percent growth, according to the latest Small Business Index from Intuit Payroll. That marks the second consecutive month of job gains… Read more Johnson Capital Originates $26M Refi Johnson Capital’s Phoenix office originated $25.7 million […]
Commercial Real Estate & Business News – August 2, 2013
Warehouse Rent Growth ‘As Good As It Gets’ in Second Quarter Rents in a handful of top warehouse distribution markets posted year-over-year rent gains of 5% or more in the second quarter, virtually unheard of in the staid property sector more accustomed to 1.3% annual rental rate growth… Read more Sprouts Shares More than Double […]
Commercial Real Estate & Business News – August 1, 2013
More than $1b in Valley Economic Development Projects Announced in Banner 48-hour Period It could be the best 48 hours ever for Valley development and commercial real estate: three projects and more than $1B in economic impact. In the past 48 hours plans were revealed for three major investment and construction projects in Metro […]