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Commercial Real Estate & Business News – July 11, 2017

  • Nick Miner, CCIM
  • July 11, 2017
  • 7:01 am
Cap Rates Drop as Competition for Medical Office Buildings Heats Up
When Physicians Realty Trust announced a purchase of 18 medical office facilities located in eight states for about $735 million last month, the Milwaukee-based REIT didn’t just sweep up prime properties. It won a round in the business of investing in medical office buildings (MOBs)…»
Apollo Tees Up Deal For Country Club Operator
Country club owner/operator ClubCorp and Apollo Global Management said Sunday they had reached an agreement for Apollo-managed funds to acquire ClubCorp for $1.1 billion in cash. The announcement comes just a few weeks after ClubCorp…»
Scottsdale Airpark Gains Exciting New Tenant

An exciting new business has opened in the Valley! Scottsdale Star Wars fan, Brandon Estrella, has created Saber Knights Academy and Light Saber Shops in Scottsdale. Saber Knights Academy is a unique concept incorporating light sabers and martial arts to create fun Star Wars themed parties …»

Learning from Past Mistakes: Avoiding the Next Real Estate Bubble
The time may be right for comprehensive tax reform. However, certain proposals floating around Capitol Hill could do far more harm than good, drowning real estate investment and taking down markets across the country along with it. Congress should not attempt to fix what is not broken.…»
Construction to Start on Tempe Development with Whole Foods
That long-coveted Whole Foods Market grocery in downtown Tempe is coming to fruition. Construction of a downtown development called The Local at University Drive and Ash Avenue will break ground today. The development will include a Whole Foods. Denver-based Forum Real Estate Group is developing The Local …»

Nick Miner, CCIM

ORION Investment Real Estate
7150 E. Camelback Road
Suite 425
Scottsdale, AZ 85251

480-226-8037
nick@nickminer.com

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