Commercial Real Estate & Business News – June 21, 2017

Tempe – Brass Enterprises Inc. in Toronto, Ontario, Canada (Ephry Merkur, pres.) has entered the Valley multi-family market with the $41.81 million ($215,515 per unit) acquisition of the 194-unit Aura on Broadway apartments at 1221 E. Broadway Road in Tempe…»
Federal Reserve Vice Chairman Stanley Fischer said a long period of low interest rates may have contributed to “high and rising” home prices in several countries, cautioning against forgetting the lessons of the 2007-09 housing crisis. “There is more to be done, and much improvement to be preserved and built on,” Fischer said, speaking at an event in Amsterdam on Tuesday that was closed to the press…»
IRVINE, CA-Commercial real estate investment activity reached a three-year quarterly low in the year’s first three months, falling below $100 billion for the first time since early 2014, Ten-X said Monday. The firm’s latest Commercial Real Estate Capital Trends report shows that at $90.9 billion, quarterly volume in the first quarter was 43% lower than its late-2015 peak, and 18% lower than the year-ago period…»
Attending one of the fun and festive movie parties at the Alamo Drafthouse in south Chandler can feel like a journey to the edge of town. But soon, Valley dwellers will have another option that’s more centrally located. The Austin, Texas-based company is expanding its presence in metro Phoenix…»
It has been said that two minds are better than one. This concept holds true for Banner Health, which has saved millions of dollars and precious time by utilizing an integrated project delivery (IPD) process for two of its latest multi-million-dollar developments…»