Commercial Real Estate & Business News – June 4, 2013
Retail Asking Rents on the Uptick for the First Time Since 2008 Leasing activity may be experiencing a renaissance if retail landlords are to be believed, but its still taking a while for property fundamentals to return to historically healthy levels. One only has to look at retail REITs recent performance to see that the […]
Commercial Real Estate & Business News – June 3, 2013
Griffin Capital REIT Acquires the Avnet Integration Headquarters in Chandler Griffin Capital Essential Asset REIT, Inc has acquired the Avnet Integration headquarters in Chandler for $31.5M or $137 per square foot. There was a $500K down payment, and the property was secured under a $200M cross-collateralized note with Keybank… Read more Wentworth/Clarion Venture to Develop […]
Commercial Real Estate & Business News – May 31, 2013
Experts Reveal Biggest Challenges in Commercial Construction Sector The sight of massive cranes and steel superstructures on the horizon is one sign that the commercial building industry is making a comeback in and around Phoenix. But even with the pace of building picking up, leaders in the field have concerns… Read more 7025 N Scottsdale […]
Commercial Real Estate & Business News – May 30, 2013
Commercial Real Estate Fundamentals Improving, Lending Tight for Small Business With vacancy rates modestly falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business, according to the National Association of Realtors quarterly commercial real estate forecast… Read more $48M Secured for Oro Valley […]
Commercial Real Estate & Business News – May 29, 2013
Phoenix Home Prices Jump 22.5 Percent Over Past Year Phoenix home prices surged 22.5 percent over the past 12 months – more than twice the national average, a report released Tuesday indicates. U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006… Read more The Monday […]
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 […]