Daily News for Commercial Real Estate & Business – December 1, 2010
Santa Fe Freight Depot Being Refurbished The Arizona Republic has reported on the renovation of the Santa Fe Freight Depot at Fifth Avenue and Jackson Street. The Depot, originally opened in 1929, is being refurbished to serve as the headquarters for the Maricopa County Assessor’s Office. For decades the Depot was a hub of freight […]
Daily News for Commercial Real Estate & Business – November 30, 2010
Buchanan Buys Mountain Vista Commerce Center Buchanan Street Partners, a Newport Beach-based real estate investment firm, has purchased a financially distressed industrial and office park in Phoenix. The firm has bought Mountain Vista Commerce Center, a multitenant office and industrial park measuring 133,600 square feet, from Horsham, PA-based Berkadia Commercial Mortgage for $7.8 million. View […]
Daily News for Commercial Real Estate & Business – November 29, 2010
NEW MEXICO FIRM ENTERS VALLEY MARKET . . . PAYS $20.75 MILLION FOR PHOENIX OFFICE PROJECT A company formed by Rosemont Realty in Santa Fe, N.M. (Daniel Burrell, CEO) paid $20.75 million ($117.42 per foot) to purchase a 176,718-square-foot office building at 7878 N. 16th Street in Phoenix. The seller was a fund originally managed […]
Daily News for Commercial Real Estate & Business – November 24, 2010
I hope you and your family have a wonderful Thanksgiving together tomorrow! I will pick the daily news back up on Monday. NAR Commercial: Lease Accounting – Issue Summary The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) proposed lease accounting changes may be detrimental to our nation’s economy by reducing the […]
Daily News for Commercial Real Estate & Business – November 23, 2010
El Dorado Holdings Buys 79 Acres for $4M El Dorado Holding Company purchased 78.67 acres on the northwest corner of Van Buren St. and N. 59th Ave. in Phoenix, AZ for $4.06 million, or about $51,608 per acre, from Charles M. & Marilyn C. Heers. The all-cash transaction represents one of the largest recent land […]
Daily News for Commercial Real Estate & Business – November 22, 2010
To view the ULI Arizona Fall 2010 Report, click here. To view the 4th Quarter 2010 RERC/CCIM Investment Trends Quarterly, click here. ARIZONA BOARD OF REGENTS BUYS MILL AVENUE OFFICE BUILDING AT CENTERPOINT IN TEMPE The Arizona Board of Regents paid $11.4 million ($143.78 per foot) to purchase a 79,288-square-foot office building within the Centerpoint […]