Commercial Real Estate & Business News – August 8, 2014

JLB Partners L.P. in Irving, Tex. (James Bosler, chairman) is now in the driver’s seat to develop an apartment project located near the southwest corner of Osborn and Scottsdale roads in Scottsdale. In February, BREW reported Transwestern of Houston, Tex… Read more »
Phoenix-based Sprouts Farmers Market will open a new store in Peoria early next year. The natural/organic grocer has signed a lease to open a 30,117-square-foot store at the Lake Pleasant Towne Center in north Peoria. That’s at the northwest corner of Lake Pleasant Parkway and Happy Valley Road. Shopping center manager Vestar announced the news in a statement today… Read more »
Mesa residents hoping to see signs of life in the struggling Fiesta District could see sprouts of progress early next year. Phoenix Rising Investments has acquired the Valley East Plaza Shopping Center. The long-vacant plaza at Southern Avenue and Longmore used to house the Bed Bath & Beyond, Petco and Circuit City stores…Read more »
Companies interested in buying buildings their businesses occupy are finding a divided market for owner-occupied commercial real estate financing, with the larger national and regional banks still shying away from sourcing such loans and the smaller and mid-sized banks growing their portfolios… Read more »
Home prices are rising at a slower rate than last year, and that’s at least partly because something new is driving the housing market, according to an updated report from Trulia, a real estate website. At the metro level, prices are being steered more by local jobs growth than a bounce back from price declines in the housing bust, Trulia said. The finding coincides with an update… Read more »