Commercial Real Estate & Business News August 29, 2018

Multifamily investors are bullish on the strength of the market, according to the recent findings of the Mid-Year Berkadia Powerhouse Poll, conducted by the lending firm in July. Even with many disruptive market factors, like rising interest rates and an uncertain political and regulatory environment, 70% of Berkadia mortgage bankers and investment experts say that by…»
A few blocks from the ocean, in the heart of Santa Monica, California, plans for “creative” offices are taking shape, tailored to the area’s burgeoning tech industry. In Hicksville, on Long Island, New York, a proposal for nearly 600 units would form the community’s largest apartment complex. And in Aventura, Florida, construction has started on a “luxurious” shopping center…»
A California-based education services company will bring a call center, general and administrative offices to the proposed Ascend office complex to be located at the Chandler Airport Center. Bridgepoint Education Inc. finalized a 130,000-square-foot lease for over 11 years in the building and will move in next April. The facility will feature an open working environment with a café,…»
P.F. Chang’s China Bistro, an Asian casual dining restaurant chain, signed a 53,599-square-foot lease for its corporate headquarters in The Roxborough Group’s Class A office building at Perimeter Parkview Corporate Center in Scottsdale, Arizona. The 106,000-square-foot building at 8377 E. Hartford Dr. was built in 2006 on five acres. The 4-Star, two-story structure…»
Investment sales have rebounded in Phoenix after a slow start to the year. Second quarter office investment sales were up 40% over the first quarter, while industrial sales increased 12%. The two sectors led commercial investment activity in Phoenix, with the second quarter sales boosting activity for the first half of the year to match year-over-year sales volumes in the first half of 2017.…»