Daily News for Commercial Real Estate & Business – November 19, 2010
Update from CCIM Refocus Conference Part Duex These are my notes from the Orlando conference which covered the Financing Panel and Economists. To see my notes, click here. HTA CLOSES $73.55 MILLION IN NEW ACQUISITIONS Scottsdale-based Healthcare Trust of America (HTA) continues its busy year of acquisitions with the closing of two new medical office […]
Update from CCIM Refocus Conference Part Deux
Panel: Where to Find Financing? (Panel Members: ING, Wells, American Momenum Bank, Mercantile Capital) ING: Typical financing terms: 30 year amortization/3-10 year terms; 65% LTVs; 1.35-1.5 DSCR; Avg deal size of $25M ($2-200M) – Debt Yield of 10-12%. Turning Points – typically when there are high or low liquidity levels Focused on primary markets – […]
Daily News for Commercial Real Estate & Business – November 18, 2010
To view the November 2010 issue of Chain Store Age, click here. To view the November/December 2010 issue of Apartment Finance Today, click here. To view the November 2010 issue of Multifamily Executive, click here. Valley Metro Leases 22,250 SF in Phoenix Valley Metro signed a lease for 22,250 square feet in the office building […]
Daily News for Commercial Real Estate & Business – November 17, 2010
Potential tenants tour former Chandler City Hall Potential tenants have been touring the building in downtown Chandler that was vacated when city employees moved into the new City Hall. The city had leased 34,000 square feet in the Chandler Office Center at 55 N. Arizona Place. View article… Software Firm Buys $2M Building for HQ […]
Daily News for Commercial Real Estate & Business – November 16, 2010
To view the Third-Quarter 2010 Real Estate Investment Outlook, click here. Old Spaghetti Factory opens Chandler location The Old Spaghetti Factory is opening a new location Monday at Chandler Fashion Center. The restaurant, 3155 W. Chandler Blvd., will be open daily for lunch and dinner and employ nearly 125 people. View article… Official: $97.4 mil […]
Daily News for Commercial Real Estate & Business – November 15, 2010
PEM REAL ESTATE GROUP BACK IN MULTI-FAMILY BUYING BUSINESS . . . PICKS UP 392 UNITS IN MESA A company formed by PEM Real Estate Group in Scottsdale (Paul Mashni, principal) paid $11.825 million ($29,86 per unit) to buy the 396-unit Orange Grove apartments at 111 N. Gilbert Road in Mesa. The seller was Alliance […]