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 […]
CCIM INSTITUTE ANNOUNCES PRESIDENTIAL NOMINEES (And I am one of them!)
CHICAGO (June 24, 2013) – CCIM Institute is pleased to announce the candidacy of four outstanding members for the position of 2014 First Vice President. The election will take place at the CCIM Board of Directors meeting on October 24, 2013, in Denver, Colorado. Only the Board of Directors is eligible to vote. Walter S. […]
Commercial Real Estate & Business News – June 26, 2013
The Interest Rate Worm Starts to Turn Finally, the worm is turning – the interest rate worm. And the stock markets around the globe are getting nervous, translating into choppy trading. It appears the Dow may have topped out for now and long-term bond rates have increased, because the Federal Reserve has signaled that soon […]
Commercial Real Estate & Business News – June 25, 2013
Arizona Economy Improving, Strong Growth Expected in 2014-15 Arizona’s recession-tattered economy, real estate and job markets are all recovering – albeit at a slow pace. That is according to a prognosis by the University of Arizona’s Economic and Business Research Center. “The Arizona economy continues to grow and improve in early 2013, but… Read […]
Commercial Real Estate & Business News – June 24, 2013
Commercial Real Estate ‘Fundamentally Different’ Now: REIT CEO Marc Nemer, the CEO of Cole Real Estate Investments, one of the largest publicly traded REITs, said that a recovery is under way with fundamentals noticeably improving in the market. “It’s fundamentally different out there,” Nemer told “Squawk on the Street” Friday, when asked how the […]
Commercial Real Estate & Business News – June 21, 2013
Wasatch Ends Hold on 196-Unit Painted Trails Less than four years after acquiring the 196-unit Painted Trails Apartments, Wasatch Property Management sold the class A multifamily property to RK Properties for $27.5 million. The Logan, UT-based seller had acquired the complex at 4255 E. Pecos Rd. for $16.6 million from Fairfield Residential in December, 2009 […]