Commercial Real Estate & Business News – January 20, 2015

Improving Job Market Leads to Office Sector Success

With businesses finally embracing expansion in 2014, the office sector posted its best performance in years, according to fourth quarter statistics. And the outlook for 2015 remains bright. Office vacancy averaged 13.9 percent nationally in the fourth quarter, 100 basis points lower than at year-end 2013, marking the sector?s best performance since 2007. San Francisco had the lowest vacancy rate in the country, at 7.3 percent… Read more »

Signs of Paradise Valley Resort Revitalization Take Shape

The first step toward rebirth of the popular Mountain Shadows Golf Resort is underway as workers begin renovating a portion of 56th Street running alongside the central resort property. Crown Realty and Development is making good on its promise of dedicating $1.6M to allow the Town of Paradise Valley to completely renovate a rundown stretch of road at 56th Street at Lincoln Drive… Read more »

Top of the Phoenix lists: LEED-Certified Buildings

Intel’s Ocotillo Campus, the 14-building collection of LEED (Leadership in Energy and Environmental Design) Silver-level advancements in water saving and waste recycling, captured the No. 1 ranking in the Phoenix Business Journal’s LEED-Certified Buildings list, published today. The list was ranked by square footage. At 3.9 million square feet, the Intel facility was easily the largest on the list. Second on the list was One & Two Renaissance Square, a pair of office towers comprising 965,508… Read more »

6 Most Troubled Retail Chains

Department store chains Macy?s and J.C. Penney may have gotten the lion?s share of attention when they announced store closings at the beginning of the year, but both retailers remain viable as operating concerns. The chains landlords should be really worried about are those in the specialty sectors?apparel, electronics, toys. With the help of retail consultants, we took a look at the companies that face the greatest danger of bankruptcy, liquidation or massive store closings… Read more »

Seniors Housing Stacks Up

Seniors housing generated solid returns for investors in 2014. By many measures, the returns were well above those of other investment opportunities. The sector has attracted growing attention from seasoned veterans in the sector as well as new entrants who find the fundamentals compelling and the investment thesis reasonable. A look at the sector?s 2014 performance helps explain the factors that will shape this year?s investment potential… Read more »