Commercial Real Estate & Business News – December 1, 2016

Phoenix is projected as the top housing market in the country for next year, according to a new forecast report by The real estate group expects Phoenix housing to see price gains of 5.9 percent and sales growth of 7.2 percent.…»
Health-care giant McKesson Corp. is moving its Arizona regional headquarters into a new building on the Salt River Pima-Maricopa Indian Community that could house almost 60 percent more employees than it currently has in Scottsdale. …»

This month saw a modest increase in property valuations, with pricing increasing in four of the five major property sectors, according to Ten-X’s latest Commercial Real Estate Nowcast. The firm reported separately that transaction volume rose in the third quarter, marking the first quarterly increase this year. …»

A 65-unit loft development is slated just west of downtown Phoenix. The Capitol Lofts are being planned for vacant parcels at Ninth Avenue and Washington Street in between downtown Phoenix and the Arizona Capitol.…»
It’s often the fourth quarter that’s the busiest time for deal-making in the investment sales sector. But that adage may not ring true this year. The rise in the 10-year Treasury rate could hinder some fourth quarter transactions…»