Commercial Real Estate & Business News – April 27, 2017

RSE Capital Partners – a Washington D.C. real investment firm – and Domain Communities – a Houston apartment investment company – have teamed to buy a Tempe development for $19.2 million. The purchase is part a new $100 million multifamily investment push RSE and Domain are launching in the Phoenix market.…»
Phoenix Mayor Greg Stanton wants to develop technology and manufacturing focused business parks along the new South Mountain Freeway being built as a connector between the Loop 202 in the East Valley and Interstate 10 west of Phoenix. …»

Demographic diversity is going to help keep our economy thriving, and the next generation is already taking the reigns, Hessam Nadji of Marcus & Millichap said in his keynote speech at RealShare Los Angeles. The population today includes both the baby boomers and the millennial generation…»

It has been found that the City of Phoenix owns a lot of excess vacant land and as a result, Phoenix is hoping to sell the land parcels it doesn’t need to developers. The City of Phoenix owns about 1,400 plots of land, which is worth more than $150 million in total…»
Shares in Whole Foods Market Inc. are on the rise after reports by Financial Times that Albertson Cos. is exploring purchasing Whole Foods Market. Stocks climbed to $37.33, a 4.5 percent increase, since speculation about the possible purchase began. …»