Commercial Real Estate & Business News – December 6, 2013

As the rest of the economy has foundered, apartment owners have surged coming out of the recession. But the good times might not last forever. Here are eight things that could wreck their joyride… Read more
Whitestone REIT, a real estate company that owns, operates and re-develops community centered properties, announced Thursday that it purchased Market Street at DC Ranch in Scottsdale for $37.4M, or $156 per square foot. Market Street primarily serves the DC Ranch neighborhood… Read more
ORION Investment Real Estate is pleased to announce the closing of Agua Fria shopping center located at 8987-9069 West Peoria Avenue in Peoria, Arizona for $6,200,000 ($162 per SF) to Westwood Financial Corp…Read more
A company formed by UBS Realty Advisors LLC in San Francisco, Calif. paid $26.25 million ($65.63 per foot) to acquire a 400,000-square-foot industrial building located at 7200 W. Buckeye Road in Phoenix. The seller was SeaCal Buckeye LLC, a company formed by Sealy & Co. in Dallas, Tex. (Mark Sealy, manager)… Read more
Home prices in the United State increased by 0.2% in October and are up 12.5% on an annual basis, according to the latest data from residential property information and analysis firm Core Logic. It is the 20th month in a row when there has been a year on year increase in home prices nationally. If distressed sales are excluded than prices were up 0.4% month on month and 11% year on year… Read more