Commercial Real Estate & Business News – January 29, 2014

Case-Shiller Index Posts Best Y-O-Y Gain Since 06

Home prices in the S&P/Case-Shiller 10-City and 20-City Composites rose this past November by 13.8% and 13.7%, respectively, year over year, S&P Dow Jones Indices said Tuesday. The 20-city composite posted its best 12-month performance since February 2006, with all 20 cities in the index posting seasonally adjusted increases and nine posting non-seasonally adjusted gains… Read more

Major Planning Activity in Eastmark as Six Subdivisions Clear Mesa City Council

Eastmark will soon see new development activity as Mesa City Council recently approved six final subdivision plats within Development Units 8 & 9 of the master planned community. The subdivision plats, recorded as “Encore at Eastmark”… Read more

Wetta Ventures, ASU To Redevelop College Avenue

Wetta Ventures and Arizona State University today announced a partnership to redevelop a portion of College Avenue as part of an adaptive reuse project that includes the former ASU Annex. Begun in December, the project will convert the Annex, a 7,323 square-foot-building on the corner of College Ave. and Sixth Street next to the Mona Plummer Aquatic Center, into a two-restaurant building… Read more

Gilbert Close To Securing Second University Campus

Gilbert officials say they are close to landing the town’s second university campus just a few months after Chicago-based St. Xavier University announced it would open in the downtown Heritage District by 2015. Town Manager Patrick Banger said officials have had discussions with four different universities, but he declined to reveal which school might be closest to a commitment… Read more

Stable Market Is One Of The Real-estate Trends Forecast For 14

Stable. Balanced. Those are words we haven’t heard in a while when it comes to describing the real-estate market. But they’re among the top trends to expect to see locally and nationally for 2014, analysts and real-estate professionals say. They refer to a market with adequate numbers of homes for sale to meet demand, and affordable prices and interest rates… Read more