Commercial Real Estate & Business News March 13, 2019

A Major Bioscience Hub Is Emerging in Phoenix
The bioscience market is taking off in Phoenix. The market has more bioscience and healthcare facility product under construction than any other market in the US, according to research from CBRE. In the next 24 moths, there is more than $3.5 billion in capital investment, which equates to 4.4 million square feet of construction…»
Evergreen Devco Negotiates $62 Million Sale of 306-Unit Luxury Apartment Community in North Phoenix
Evergreen Devco, Inc., a leading retail and multifamily development company, announced today that it has completed the sale of the apartment community within its mixed-use redevelopment, Trellis on Bell, located at 12th Street and Bell Road in North Phoenix. Green Leaf Partners purchased the 306-unit apartment community from…»
P.F. Chang’s Sells 20 Acres in N. Scottsdale for $12M
Cushman & Wakefield completed the sale of the former P.F. Chang’s headquarters, located at Miller Road and Pinnacle Peak Road in Scottsdale, Ariz. Miami-based Lennar Homes purchased the property from Scottsdale-based P.F. Chang’s for $12 million. Brooks Griffith with Cushman & Wakefield’s land advisory group, along…»
Foreign Investors Will Likely Continue U.S. Buying Spree in 2019
Mega-deals helped spur foreign investment in U.S. commercial real estate to a near record level in 2018, and many are watching to see if that momentum can carry over into 2019. According to research firm Real Capital Analytics (RCA), cross-border acquisitions of U.S. commercial real estate surged to $94.9 billion last year, jumping…»
CRE Survey Takes On Tough Issues
Concerns over partisan politics. Cyberattacks. Investments in cannabis spaces. Opportunity Zones. Seyfarth Shaw’s 4th annual Real Estate Market Sentiment Survey examines all of these tough topics and their impact on the commercial real estate industry. The majority of respondents to the survey, 85%, have no plans on investing in the…»