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 […]
Commercial Real Estate & Business News – July 31, 2013
Phoenix Housing Market Up, but Commercial Sector Still Struggles As values on residential property in Phoenix continue to recover post-recession, experts say growth in the commercial sector will take more time. The city is saturated with commercial space, experts say, but they have seen positive signs in certain areas. Experts say the housing market is […]
Commercial Real Estate & Business News – July 30, 2013
MetLife Sells Scottsdale Shopping Center to Bob Parsons of GoDaddy The McDowell Mountain Marketplace, an 88,121 ft2 neighborhood shopping center at the southwest corner of Thompson Peak Parkway and Bell Road, sold for $14.125m or $160.29 per square foot. The seller was Metropolitan Life Insurance Company (MetLife) through its portfolio manager, Blackrock Realty Advisors. Bob […]
Commercial Real Estate & Business News – July 29, 2013
Bascom Arizona Adds 226 Units to Expanding Portfolio In its most recent regional buy, Bascom Arizona Ventures, a subsidiary of Bascom Group LLC, acquired the 226-unit Terraces at Glassford Hill in an off-market transaction. Bascom forked over $22.3 million to Aspen Square for the class A multifamily property… Read more Glendale Warehouse Sold to Canadian […]
Commercial Real Estate & Business News – July 26, 2013
Multifamily is the Solution for Investors, Gen Y No matter how you slice it; people will always need a place to live. As the nation pulls through the tail end of a huge housing dislocation, many are faced with the tough realization that it’s fundamentally better to rent than buy a home. With such a […]
Commercial Real Estate & Business News – July 25, 2013
Utah Investor Bolsters Valley Holdings…Pays $17.5 Million for 352 Units in Mesa A company formed by Bridge Investment Group Partners LLC as manager of the ROC Funds, paid $17.5 million ($49,716 per unit) to acquire the 352-unit Villetta apartments located at 1840 W. Emelita Avenue in Mesa. The seller was Fairfield Privado Park LLC, a […]