Commercial Real Estate & Business News – January 31, 2014

Mark-Taylor Developing Luxury Rental Project At Former Rawhide Site In Scottsdale

Mark-Taylor Inc. in Scottsdale (Jeff Mark, Scott Taylor, principals) plans to build a 252-unit luxury rental complex on a portion of the former Rawhide western town theme park in Scottsdale. The 16.7-acre site for the planned multi-family project is located along the east side of Scottsdale Road and just south of Pinnacle Peak Road. MT Pinnacle LLC (Mark-Taylor entity) paid $10 million to acquire the land… Read more

Hit by Slowing Growth at Home, Chinese Investors Shift Billions to U.S. Real Estate

Chinese investors broke sales records in their drive to purchase U.S. commercial real estate in 2013, and analysts expect they will remain active in the global market, with untapped billions more to invest in coming years. The U.S. real estate market attracted $3.1 billion of capital from China last year — an increase of more than 900% from just $264 million invested in 2012… Read more

The Future of the Suburbs Is Unfolding in Arizona’s East Valley

On the far eastern edge of this sprawling desert community, nearly 100 buyers have already purchased single-family homes in the first major new master-planned development to break ground in the Phoenix metro area in almost 10 years. At fully 3,200 acres and with a location adjacent to the small but growing Phoenix-Mesa Gateway Airport, Eastmark is being touted by city and state leaders as the next big economic engine… Read more

Warehouses Becoming Boon for Commercial Real Estate

Warehouses are becoming a commercial real estate boon, as more retailers beef up their online business. Online retailers such as Amazon are leading the trend, snapping up spaces for smaller distribution centers near major urban areas in an effort to get products closer to where people live, says Sam Chandan of Chandan Economics… Read more

REIT Expert Predicts Multi-Year Bull Market

Should you reduce your REIT holdings and bet on a continued run? What are the challenges in the REIT market? caught up with Scott Crowe, a global portfolio manager for Resource Real Estate, a New York-based manager of complex real estate assets… Read more