Commercial Real Estate & Business News – December 17, 2013

RealShare Panel Touts Phoenix as Place to Be

A panel of real estate professionals met Thursday to discuss multifamily housing as a market indicator as part of the RealShare Phoenix Metro 2013 conference at The Phoenician Resort. The panel was moderated by Daniel Palmier, president and CEO of UC Funding, LLC… Read more

Morrison Ranch, Inc. Sells Out Phase II of Elliot Groves for Nearly $17.4m

In two consecutive sales to major homebuilders, Morrison Ranch, Inc. placed all 254 lots in Phase II of its Elliot Groves subdivision for total consideration of $17,381,592 or $68,431 per lot. The buyers, Taylor Morrison and Ashton Woods, took down 162 and 92 lots, respectively, and financed the transaction with a combination of profit participation on the part of Morrison Ranch and existing financing arrangements… Read more

Physician Re-Alignment Makes MOBs a Hot Topic

The New Trends in Marketing and Leasing panel met Wednesday at the Phoenician Resort as part of RealShare’s Healthcare Real Estate forum. Kate Morris, senior vice president of Transwestern, moderated the group… Read more

Point: Why 2014 Will Be a Seller’s Market

Jared Kushner hadn’t been running New Yorkbased Kushner Cos. long when he noticed something problematic in early 2007: He could no longer justify buying apartments. “I remember sitting with my dad and saying we couldn’t make sense of the buys in the markets – buying at 4 caps and financing at 6 percent,” Kushner says. “The dynamics really didn’t seem to make sense for multifamily”… Read more

Glendale to Host 2016 College Football Championship Game

The Fiesta Bowl and Glendale will host the 2016 College Football Championship game at University of Phoenix stadium. The Fiesta Bowl had put in a bid for the game in September. Arizona beat out New Orleans and several other cities for the game… Read more