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Commercial Real Estate & Business News – February 27, 2014

With the quality of panelists and speakers assembled for ULI Arizona District Council’s 9th annual Trends Day, the theme – “Spreading Prosperity” – was apropos. Where else but at ULI’s Trends Day does an audience of almost 900 real estate and business leaders get to hear some of the industry’s top experts talk about spreading prosperity as it relates to innovation and job growth for Arizona’s future?… Read more
The Bascom Group LLC has closed its second fully discretionary real estate investment fund, Bascom Value Added Apartment Investors II LLC. The fund provides up to $300 million of buying power, with leverage, for value-added multifamily acquisitions across an 11-state region… Read more
Last year saw the return of a thriving office investment market, so much so in fact, that several local markets saw significant chunks of their overall stock of buildings change hands in 2013. Analyzing such office inventory turnover can provide a good barometer of where office investment dollars are flowing… Read more
Forty-six percent of multihousing investors plan to grow their portfolios in 2014, while just 18 percent plan to reduce holdings this year, according to a recent Beech Street Capital survey. Of those surveyed, 52 percent expect acquisition financing to be most critical to their business through year-end… Read more
U.S. home prices rebounded strongly in 2013, up 11.3% compared with a year earlier, according to a closely watched index. The jump in prices came even as the housing market softened in the last quarter of the year. Prices are still down nearly 21% from their peak set in the second quarter of 2006… Read more