Commercial Real Estate & Business News – August 22, 2013

Although commercial real estate investors have been waiting for a rise in interest rates for months – even years – since the uptick finally arrived in May, buyers, sellers and financiers have all had to make adjustments. The 10-year Treasury rose from 1.7 percent in early May to 2.7 in early July after the Federal Reserve Bank announced… Read more
With its size and expeditious growth so far, Mesa’s Eastmark has understandably stolen much of the attention paid to real estate in thae East Valley this summer. But at 480 acres, with 1,600 lots planned, The Bridges at Gilbert has quickly become the next big addition to the local housing market… Read more
More jobs and better loan terms will beat rising interest rates in home sales during the second half of the year, according to a Fannie Mae forecast expected Wednesday. Bloomberg reported the forecast anticipates lending will rise 21 percent in the second half of the year… Read more
Regus, the largest provider of flexible workspace, has leased 16,000 square feet at Camelback Square, located at 6991 E. Camelback Rd. in Scottsdale, AZ. Camelback Square, which is owned and managed by Lincoln Property Company, is a 172,690-square-foot building that is now 85 percent occupied… Read more
The Scottsdale City Council on Tuesday approved a fourth amendment to its ground lease with the Arizona State University Foundation for ASU’s Scottsdale Innovation Center. The city has invested $81.4 million for property acquisition and infrastructure improvements for the SkySong complex, at the southeastern corner of McDowell and Scottsdale roads. In return for a 99-year ground lease, the foundation agreed to build… Read more