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Commercial Real Estate & Business News – January 29, 2018

Industrial assets among the 7,527 commercial properties indexed by the National Council of Real Estate Investment Fiduciaries posted the highest returns in the fourth quarter, NCREIF said Thursday afternoon. The sector’s leading status carries over to 12-month results, for which industrial was the only property type in the NCREIF Property Index (NPI) to post double-digit returns. …»

Construction cranes are sprouting in downtown Phoenix. That could transform with city’s skyline if a number of proposed high-rise developments come to fruition. They show what kind of development is – and isn’t – happening within downtown and the rest of the region. “Over the next 18 months, the Phoenix skyline is going to change significantly …»

At first, they barely talked to each other as they made their morning laps around the mall’s hallways. But at some point – many could not recall exactly when – their mornings intertwined. For decades, about a dozen people regularly walked through Fiesta Mall.…»

French Thompson, owner of French Designer Jeweler on Main Street, gets ready for the day the morning of Monday, Jan. 22 in Old Town Scottsdale. Through digital screens, marketing campaigns and social media efforts, the old west has set out to meet the new west.…»

Working for REITs has been a significant part of Aaron Halfacre’s career. From July 2014 to March 2016, Halfacre served as president and chief investment officer of Charlotte, N.C.-based student housing REIT Campus Crest Communities Inc., which Chicago-based Harrison Street Real Estate Capital LLC took private in 2016 in a $1.9 billion deal. Right before that, Halfacre led capital markets strategy and investor relations at Phoenix-based Cole Real Estate Investments Inc.…»