Commercial Real Estate & Business News – February 26, 2014

Commercial Real Estate Outlook Positive but Moderating

Market fundamentals in commercial real estate continue to improve but at a slower pace, according to the National Association of Realtors quarterly commercial real estate forecast. Lawrence Yun, NAR chief economist, said fundamentals are still on an uptrend. “Growth in commercial real estate sectors continues… Read more

Enterprise Bank & Trust Expanding In Arizona With Eye Toward Commercial Real Estate

Enterprise Bank & Trust is expanding its Arizona commercial real estate group to provide commercial real estate financing for mid-sized Arizona businesses, developers and investors. Joe Bleyle has been promoted to senior vice president and director of commercial real estate lending for the Arizona region… Read more

Home Price Gains Begin to Lose Steam

The S&P/Case-Shiller Home Price Indices finished their best year since 2005 on a downward note. S&P Dow Jones Indices said Tuesday that the indices for this past December show that gains in home prices have begun to lose momentum. Notwithstanding the strong showing home prices made throughout 2013, “gains are slowing from month-to-month… Read more

Fresh and Easy Portfolio Sale

Fresh and Easy Markets filed for Chapter 11 bankruptcy last year at the end of September. Their court-approved exit strategy involved the acquisition of the company by investment firm “Yucaipa Companies” as well as the sale of real estate assets… Read more

Report: Scottsdale Airpark Took Nosedive During Recession

The Scottsdale Airpark, one of the Valley’s biggest concentrations of employment and business, took a serious hit in the recent recession. Vacancies in the 3,300-acre area rose to their highest levels since the Airpark, anchored by the Scottsdale Airport, was first developed almost 50 years ago… Read more