Commercial Real Estate & Business News – July 3, 2013
Florida Investor Entering Valley Apartments Market…$61.525 Million for 626 Units In a $61.525 million deal ($98,283 per unit) scheduled for completion, Priderock Capital Partners LLC in West Palm Beach, Fla. was expected to acquire 626 apartment units in Scottsdale. The investment will be the first in the Valley for Priderock Capital, which has acquired, developed […]
Commercial Real Estate & Business News – July 2, 2013
Phoenix Office Market Likely on Verge of Major Rebound While the Phoenix commercial real estate market has been recovering this year, the office portion of that recovery has been lackluster at best. Metro Phoenix ranked sixth in the nation last year in terms of office-using job growth and nonfarm job growth, at 3.5 percent and […]
Phoenix Housing Market – Numbers from ARMLS June 2013
To be a qualified instructor for the Arizona Department of Real Estate, each year I have to attend Instructor Development Workshops. One of the classes I just took was an update on the Phoenix Housing Market. My disclaimer, I am not a residential real estate agent and only work on commercial properties. Having stated that, […]
Commercial Real Estate & Business News – July 1, 2013
Work Starts On Last Phase of Watson Marketplace BUCKEYE, AZ – Desert Troon Cos. has started work on the final phase of Watson Marketplace, a 125,000-square-foot retail center here. Located at the southeast corner of Watson Road and Interstate-10 Freeway, the property’s last phase is scheduled to open this upcoming fall. The first of the […]
Commercial Real Estate & Business News – June 28, 2013
CRE Fundamentals Continue To Recover — So Where Are All the Deals? A recent analysis of data from the CoStar Commercial Repeat Sale Index (CCRSI) finds that commercial real estate investment transaction activity has progressed much like the overall economy, showing steady but painfully slow improvement. While prices have recovered from the trough of the […]
Commercial Real Estate & Business News – June 27, 2013
Westgate’s Newest Tenant is its Largest to Date The Westgate Entertainment District in Glendale recently landed the largest office tenant in its seven-year history. Terminix, a Memphis-based pest-control firm, will launch its fifth call center in the United States and its first in the West when it opens at the mixed-used commercial development near Loop […]