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Commercial Real Estate & Business News – December 8, 2017

IRVINE, CA-Even as commercial property pricing has ticked downward in recent months, transaction volume has been moving in the opposite direction. Ten-X Commercial said Wednesday that investment activity increased by 3.2% in the third quarter, marking the second consecutive three-month period of quarterly increases. Citing Real Capital Analytics data, Ten-X’s Commercial Real Estate Volume & Pricing Trends report says that Q3 volume reached $109.5 billion…»
State Farm’s Marina Heights development in Tempe is being sold for what could be a record price. Transwestern Investment Grop and JDM Partners LLC is buying the 2-million-square-foot Marina Heights development on Tempe Town Lake. State Farm Insurance has thousands of employees at the regional operations center. State Farm is one of the current owners of the development…»
(Bloomberg)-America’s most affluent shoppers are capable of spending big this holiday season. They may just require a bit of coaxing. That’s the view of Neiman Marcus Group Inc. Chief Executive Officer Karen Katz, whose typical customer is a well-heeled woman. “Her balance sheet is in very good shape,” Katz told Emma Chandra on Bloomberg Television. It’s “really a matter of how emotionally she feels about things…»
Former Tohono O’odham Chairman Ned Norris, Jr. “this day was a long time in coming.” Opening of the interim facility which opened Dec. 20, 2015. To get to the groundbreaking day it took patience, persistence and perseverance by the tribe and its members. “We have come a long way,” former Tohono O’odham Chairman Ned Norris, Jr. There were many to thank to get to this momentous day…»
Banner Health has been heavily investing in developing health centers throughout metro Phoenix in an effort to get basic health services closer to patients’ homes. Plans call for opening a $10 million health clinic across from Desert Ridge Corporate Center in north Phoenix next month. The 30,000-square-foot facility will be Banner’s second offering in the fast-growing north Phoenix/Scottsdale area…»