Landlords – Are you listening?
I am still surprised that some landlords are in denial about what is happening out there. A recent case in point, I was working with a client on a tenant renewal. The tenant is a national company with a great balance sheet (which is hard to find nowadays). They came back with an aggressive lease […]
Daily News for Commercial Real Estate & Business – August 23, 2010
Zen 32 sushi restaurant closing in Phoenix Valley sushi restaurant Zen 32 is closing its doors. Operators cite a number of reasons for the closing, including the costs associated with a desired remodel. View article… San Diego-based Triglid sells off Bethany Group Phoenix Multifamily properties continue to trade at a rapid clip in Arizona with […]
Daily News for Commercial Real Estate & Business – August 20, 2010
Cole Drops $30M for Home Depot Distribution Facility Cole Real Estate Investments has acquired The Home Depot’s distribution center here for $30.4 million. The non-traded REIT purchased the 466,694 square-foot warehouse/distribution facility in an all-cash transaction from USAA Real Estate Co. View article… HEDGE FUND POISED TO PURCHASE ENGLE HOMES ASSETS IN WESTERN REGION Pinal […]
Daily News for Commercial Real Estate & Business – August 19, 2010
To view this weeks “The Watchlist” by Costar, click here. Surprise Walgreens Sells for $3.2M Investors Associated LLP, a Wisconsin investor, purchased the Walgreens at 15490 W. Bell Rd in Surprise, AZ, for $3.16 million, or $227 per square foot. View article… Onni Acquires Phoenix Apt. Complex for $20.5M Fairfield Residential sold the 432-unit Montelano […]
Daily News for Commercial Real Estate & Business – August 18, 2010
Deli concept born in down-on-luck Detroit finds ‘virgin territory’ in Valley office buildings Best friends Qisai “Q” Putrus and Randy Kassab watched their string of upscale delicatessens in Detroit slowly die, their customers losing their jobs with auto-industry vendors and entire buildings closing as the latest economic meltdown hit the Motor City. View article… Two […]
Daily News for Commercial Real Estate & Business – August 17, 2010
Groendyke Pays $2.5M for Phoenix Industrial Location Groendyke Transport Inc., a national provider of transportation services, has purchased the industrial building at 4907 S 35th Ave. in Phoenix for $2.5 million, or $145 per square foot, in an all cash transaction. View article… 5 P law firms are moving to downtown CityScape Five Phoenix law […]