Commercial Real Estate & Business News – June 11, 2015

In important ways, Arizona’s economy has not rebounded from the Great Recession as quickly as the nation as a whole. Here are some key measures of the state’s economic health… Read more »
Arizona’s blazing, bright skies have attracted retirees to the region for generations. But the mild winters and dry climate aren’t the only reasons why the Phoenix area topped our list… Read more »
The ink and blood isn’t even dry yet in Glendale over the city’s arena deal with the Arizona Coyotes and there is already talk of the hockey team moving. But this time it’s not just Quebec City, Las Vegas, Portland or Seattle in the mix… Read more »
A company formed by Olympus Property paid $36 million ($180,000 per unit) to purchase the 200-unit Cactus Fourty-2 apartments located west of Paradise Valley Mall. The seller was a joint venture formed by Cachet Homes, Southwest Next Capital Management and Strand Properties Corp… Read more »
“Boomerang” buyers are bounding back into metro Phoenix’s housing market. Home sales rose 3 percent in April from March and 9 percent from April 2014, according to the latest report from Arizona State University’s W. P. Carey School of Business. April was the third straight month for rising home sales in the Valley… Read more »