Commercial Real Estate & Business News – June 28, 2013

CRE Fundamentals Continue To Recover — So Where Are All the Deals?

A recent analysis of data from the CoStar Commercial Repeat Sale Index (CCRSI) finds that commercial real estate investment transaction activity has progressed much like the overall economy, showing steady but painfully slow improvement. While prices have recovered from the trough of the Great Recession in all major markets except… Read more

Final Construction of Hayden Ferry Ramping UJp

If you’ve driven through downtown Tempe recently, you may have noticed some construction activity commencing at the now-fenced off northeast corner of Mill Avenue and Rio Salado Parkway. Well, you were witnessing the infant stages of the third and final office tower at the Hayden Ferry Lakeside development… Read more

Camelbank Asset Trades in $15M Off-Market Sale

Some $14.9 million has flipped the Camelback Community Bank Building here into the portfolio of locally based Fountainhead Equity Partners LLC. Built in 1998 at 2777 E. Camelback Rd. the property consists of 104,618 square feet of office space and is anchored by several large tenants including Capitol Bancorp, the Lavidge Co., Hill International and GPE Cos…. Read more

As Interest Rates Rise, Net Lease May Slow Down

The tight and highly competitive net lease market may see a slowing of activity due to a recent rise in interest rates, a trend that some expect to continue for some time to come. The rate for the 10-year Treasury note has been rising since mid-May, swaying the dynamics of net lease transactions. In the past few decades, hikes in rates have been relatively rare and brief… Read more

New Tempe Apartment Complex Heats up Competition for ASU Students

The building stands like so many others around Tempe, floors of empty apartment units rising high above Apache Boulevard. The District on Apache is the latest competitor to enter the apartment fray as owners bet the newest, hottest amenities will be enough to attract student tenants for the fall semester… Read more