U.S. commercial property values have been nothing if not consistent in the past half decade, steadily ticking upward. Real estate research firm Green Street Advisors reported Tuesday that commercial property values in March were 11% above March 2014, and unchanged from February. In all, values have now risen 87% since they bottomed out in 2009, and more than 14% from the prior peak in 2007… Read more »
Scottsdale-based developer, SAXA, Inc. and Caliber Companies announced today a partnership to develop and build a new 40,000 square foot Class-A commercial office building in North Scottsdale, Arizona. The 2.5-acre site, located within Horseman’s Park on the northeast corner of the Loop 101 freeway and south of Bell Road on Bahia Drive… Read more »
With Good CRE Deals Harder to Come By, Investment Capital Increasingly Teaming Up with Experienced Property Owners in Joint Ventures. With more money chasing fewer deals, institutional investors are increasingly turning to joint ventures (JVs) as a popular alternative ownership structure for selling, buying and developing commercial real estate assets. An abundance of deals for all property types have been announced in the last few days… Read more »
The voracious appetite of investors for more commercial real estate has certainly dominated headlines in recent years. But that strong demand and favorable pricing is also accelerating disposition strategies among some owners. If sales activity is any indication, than there are certainly more owners liquidating commercial real estate assets. During 2014, property sales rose 17 percent to $423 billion, according to data from Real Capital Analytics…Read more »
Simon Property Group and Macerich never even got together, yet in the aftermath of Macerich rejecting Simon’s $16.8 billion takeover offer, everyone is asking what’s next for the two firms the way one would if they were going through a tough break-up. In today’s world of limited opportunities for new mall development, the question may be relevant, particularly for Simon… Read more »