Here are the news articles you might find interesting today for commercial real estate and business:
U.S. Land Gets More Expensive A year ago, Nate Nathan, an Arizona land broker, struggled in vain to sell several hundred home sites in Vistancia, a new-home community about 15 miles from downtown Phoenix. He listed the lots for $54,000 apiece, but no buyers would offer more than $45,000. All that changed over the past year. As Phoenix home prices picked up, builders suddenly started coming to Mr. Nathan and making ever-higher offers. This year, he has sold 850 lots, including 250 lots for $96,000 apiece in the past 45 days. View article…
Healthcare REIT Results Top all Other REITs -For those investing in real estate investment trusts focused on healthcare, 2012 was a good year. In fact, according to the business research and information service SNL Financial, healthcare REITs outperformed all other REIT sectors last year, racking up a total return of 25.9%. View article…
Downtown’s Fifth Avenue gateway’ could get makeover Big changes could be coming to a prominent downtown Scottsdale corner occupied by a small restaurant. Old Town Group has submitted a request to the city for Development Review Board approval of a site plan, elevations and landscaping for the northwestern corner of Fifth Avenue and Scottsdale Road. View article…
Tempe set to open first indoor shooting range Tempe is preparing to launch its first indoor shooting range. According to a release, the C2 Tactical Indoor Shooting Range will host a grand opening on Saturday, April 20, from 9 a.m. to 9 p.m. View article…
Tilted Kilt making push into Northern California with 10 restaurants A California franchisee has signed a deal with Tempe-based Tilted Kilt to bring the edgy sports bar concept to the Golden State. NoCal Tilt Holdings LLC has partnered with Tilted Kilt to establish the brand in Northern California with restaurants in areas such as Sacramento, Fresno and Silicon Valley. View article…
Verizon, Cox team to offer each other’s services in Arizona Verizon Wireless and Cox Communications are teaming in the Phoenix area, southern Arizona and Las Vegas to give customers more options for video, phone, Internet and wireless service. The companies announced today that qualified Phoenix customers can buy Cox Communications’ video, Internet and home phone services, as well as Verizon Wireless’ smart phones, tablets and wireless services, from either company. View article…
More staff cuts looming at banks Banks are under pressure to keep profits climbing amid weak revenue growth, and employees are among the biggest expenses after interest costs. The most vulnerable people work in units where demand is waning such as mortgage foreclosures. View article…
HOUSING:
New subdivision to bring 100 homes to northeast Phoenix A new single-family subdivision is planned for a site in northeast Phoenix that once was home to horseback-riding stables. The infill project, known as Santa Rita, is at 4421 E. Grovers Ave. One-hundred homes will be spaced across 19.5 acres, according to Sue Goodrich, vice president of sales for Cachet Homes, which is developing Santa Rita. View article…