Commercial Real Estate & Business News – December 12, 2013

CRE Prices Rebound In October

Commercial property prices resumed their upward trajectory in October as concerns eased over Federal Reserve stimulus tapering and government fiscal policy and commercial real estate fundamentals continued to improve… Read more

House of Comedy Coming to Phoenix’s CityNorth

Laughter is coming to CityCenter at CityNorth. The north Phoenix mixed-use development announced this week it will bring Rick Bronson’s House of Comedy to its High Street district next summer. The Phoenix location will be only the third for House of Comedy… Read more

Homebuyer Confidence Ticks Upward

For the first time in nearly two years, homebuyer confidence has begun increasing, residential brokerage Redfin reported this week. By the same token, though, the firm said its survey of homebuyers found that many of them may have unrealistic expectations about mortgage rates… Read more

Retailers, Developers Compete Against Malls and Each Other

During the decade-long period in which almost no new regional malls have been built, development and expansion of retail outlet centers has blossomed as growth-minded store chains seek to open new locations and attract more value-conscious shoppers… Read more

Builder Gets Support To Scrap Large-Scale Gilbert Retail Plan

The Gilbert Planning Commission last week supported a Phoenix developer’s request to abandon plans for a major commercial center in south Gilbert while striking a last-minute compromise to preserve at least some retail space in the underserved area. Vestar, a company that manages large-scale Valley shopping centers such as Tempe Marketplace and Westgate City Center in Glendale, believes… Read more