Commercial Real Estate & Business News – May 28, 2013
Metro Phoenix New-Home Permits up in April New-home permits climbed in metro Phoenix during April, but new-home sales fell, according to the latest RL Brown report. The decline in sales isn’t due to a drop in demand, though, according to housing analysts RL Brown and Greg Burger. They concluded fewer homes sold last month than […]
Commercial Real Estate & Business News – May 24, 2013
HAPPY MEMORIAL DAY WEEKEND! Greystar Acquires the Via Ventura Apartments in Scottsdale for $36.5m reystar continues to acquire and Equity Residential (EQR) continues to dispose of multi-family assets in Greater Phoenix, even after the former’s co-venture with Goldman Sachs closed its twenty seven-property portfolio sale and the latter completed its $11b acquisition of Archstone Enterprises. […]
Commercial Real Estate & Business News – May 23, 2013
Pathfinder Takes on Copper Creek Ownership San Diego-based Pathfinder Partners LLC acquired the 144-unit Copper Creek for its eighth buy in the metro area. The SoCal buyer paid Chicago-based Equity Residential Properties $16.1 million for ownership rights of the 1980s-built multifamily property… Read more 5.3 Acre “Argo at Town Lake” Project Sells for $13.5m, Purchased […]
Commercial Real Estate & Business News – May 22, 2013
Thousands Chase Deals in Las Vegas Surging demand, new retail concepts and stirrings of new development were the talk of the Las Vegas Convention Center on Monday during the first day of RECon, the International Council of Shopping Centers’ annual spring convention. It is impossible to tell how many deals will emerge from the […]
Commercial Real Estate & Business News – May 21, 2013
Euphoria Reigns at RECon This is my 12th trip to ICSC’s flagship event in the past 14 years and the thing that strikes me every time is the boundless optimism of retail real estate pros. Even in 2008 – when the Las Vegas Convention Center was reduced to a ghost town by the Great Recession […]
Commercial Real Estate & Business News – May 17, 2013
Retail Rent Growth Finally Takes Root Across U.S. Metros Following a recent string of relentlessly unexciting market trends in retail real estate over the past several quarters comes this distinctly positive news for retail property owners — quoted asking rents have finally turned upward across all retail property types in the U.S. for the first […]