Commercial Real Estate & Business News – June 25, 2013

Arizona’s recession-tattered economy, real estate and job markets are all recovering – albeit at a slow pace. That is according to a prognosis by the University of Arizona’s Economic and Business Research Center. “The Arizona economy continues to grow and improve in early 2013, but… Read more

Now that apartment fundamentals have fully recovered and pricing is a mere 3% off prior peak levels, investors playing in this asset class need to be very smart in order to get healthy returns. Those with the best-informed assumptions will make the most successful decisions. And when calculating top-line revenue potential, it’s important to understand what renters appear to be willing to pay for… Read more

ORION Investment Real Estate is pleased to announce the closing of The Fountains at Ocotillo, a multi-tenant retail pad, located in the Ocotillo Lakes subdivision of Chandler, Arizona for $2,075,000 ($319 per SF) to Deerwood Partners Arizona, LLC. “The buyer has an extensive portfolio of quality retail properties in the western United States and the Fountains at Ocotillo is a perfect addition to the portfolio” says Andrew Harrison…Read more

High demand from investors and low interest rates continue to push down capitalization (cap) rates in the commercial real estate market, according to an analysis from consulting firm PwC. The report noted that in the second quarter of 2013, the combined overall cap rate fell to 6.91 percent across the 34 United States markets…Read more

Vanguard Health Systems Inc., which operates Abrazo Health Care in Arizona, is being acquired in an all-cash deal valued at $1.8 billion. Dallas-based Tenet Healthcare Corp. is buying the Nashville-based for-profit hospital system, giving tenet ownership of 79 hospitals and 157 outpatient facilities… Read more