Daily News for Commercial Real Estate & Business – December 9, 2010
To view this weeks “The Watchlist” by Costar, click here. Phoenix apartment complex will house low-income residents Arizona Housing Inc. has purchased the 80-unit Royal Suites apartment complex to house low-income residents. The organization used money borrowed from Phoenix to buy the property at 10421 N. 33rd Ave., which should be renovated and remodeled by […]
Daily News for Commercial Real Estate & Business – December 8, 2010
Developer buys out Tempe Marketplace partner Vestar, the developer of Tempe Marketplace, has bought out its original partner, DLJ/Credit Suisse, in a $280 million transaction that makes Rookwood Capital a new partner. The shopping center also received a new $200 million permanent financing package from German American Capital Corp. View article… Elevation Chandler back on […]
Daily News for Commercial Real Estate & Business – December 7, 2010
To view the November 2010 Delinquency Report from RealPoint, click here. To view the December 2010 CRE Quarterly Market Survey from NAR, click here. CPI Adds 11 Agents Commercial Properties, Inc., a brokerage firm headquartered in Tempe, AZ, has added eleven new agents in the third & fourth quarters of 2010. This is in addition […]
Daily News for Commercial Real Estate & Business – December 6, 2010
GARRETT DEVELOPMENT VENTURE BUYS LAND IN BUCKEYE TARGETED FOR ALMOST 1,000 HOMES A venture formed by Jeff Garrett of Garrett Development in Phoenix and the Kemper & Ethel Marley Foundation in Phoenix paid $3.9 million to acquire 285 acres in a planned community in Buckeye called Ventana Ranch. The acreage, targeted for almost 1,000 homes, […]
Daily News for Commercial Real Estate & Business – December 3, 2010
Gap Leases 412,405 SF in Phoenix Gap, Inc., one of the world’s largest specialty retailers, signed a deal for 412,405 square feet in the industrial building at 2225 S. 75th Ave. in Phoenix, AZ. Gap plans on moving into the space in Spring 2011. View article… Nexus Revamps $80M Target-Anchored Center Nexus Companies has transformed […]
Daily News for Commercial Real Estate & Business – December 2, 2010
To view this weeks “The Watchlist” by Costar, click here. UPS Opens 30,000-SF Processing Center UPS Mail Innovations has opened a new processing center in suburban Phoenix. The 30,000-square-foot facility will improve service to companies in Arizona and New Mexico that rely on UPS to manage their outbound mail processing. View article… Goodwill Retail Operations […]