Commercial Real Estate & Business News – December 17, 2012
Here are the news articles you might find interesting today for commercial real estate and business: Southwest Jet Corporate Center in Scottsdale sells for $9.6M or $97 per square foot The Southwest Jet Corporate Center buildings, located at 14988 & 15010 N 78th Way, were sold by Jim H Houtz and John T Castrogiovanni of […]
Commercial Real Estate & Business News – December 14, 2012
Boxer Acquires 584-Room Hilton Tapatio Boxer Property moved into the field of hospitality investment buy acquiring the 584-room Pointe Hilton Tapatio Cliffs Resort in Phoenix from servicer C-III Asset Management LLC. The local investor plans capital investment to bring the property back to profitability. View article… Canadian Investors Ante Up $17.5M For Tempe Apartments An […]
Office Property Asking Rent – Lease Trends
Commercial Real Estate Phoenix, AZ Market Trends Lease rates for office properties have risen 0.4% versus last quarter to $17.10 per square foot. For the year, asking lease rates have still declined 0.1%. Lease rates for office properties hit a three-year peak in March 2008 at $22.08 per square foot. In comparison, the median asking […]
Retail Property Asking Rent – Lease Trends
Commercial Real Estate Phoenix, AZ Market Trends The average asking lease rate for retail properties in the metro area was $14.16 per square foot for the month. This is down 5% from the previous year, and down 0.7% from the end of the second quarter of 2012. Asking lease rates for retail properties have fallen […]
Office Property Sale Prices – Sale Trends
Commercial Real Estate Phoenix, AZ Market Trends The median sale price per square foot for office properties in the metro area has risen 4.9%. There was a 11.8% decline earlier this year during a five-month period ending in July. For office properties, the average sale price per square foot has risen to $66.94, a 3.6% […]
Retail Property Sale Prices – Sale Trends
Commercial Real Estate Phoenix, AZ Market Trends Currently, the median sale price per square foot for retail properties in the metro area is in seven-month decline, falling 4.1% in that time. Previously, sale prices rose 22.4% over a eight-month period ending in March. Sale prices per square foot for retail properties decreased to $101.04, a […]