Here are the news articles you might find interesting today for commercial real estate and business:
To view the Vizzda Analysis of Multifamily Commercial Real Estate in Maricopa County dated January & February 2013, click here…
To view this weeks Costar Watchlist, click here…
American Realty Capital Makes $9B Buyout Offer for Cole Credit Property Trust III American Realty Capital Properties Inc. yesterday sent a letter to the board of directors of Cole Credit Property Trust III Inc. (CCPT III) offering to acquire 100 percent of the outstanding common stock of CCPT III for at least $12 per share, or $5.7 billion, in cash and stock. The total transaction would be valued at more than $9 billion including assumption of debt. View article…
MIG Real Estate Buys Two Arizona Hotels MIG Real Estate MIG Real Estate, LLC, a Newport Beach, CA-based real estate investment company, has further expanded into Arizona. MIG has acquired two hotels in the Phoenix metro area: the Fairfield Inn & Suites Midtown in Phoenix and Holiday Inn Express & Suites Old Town in Scottsdale. These acquisitions demonstrate MIG Real Estate’s continued commitment to invest in the sixth largest market in the U.S. View article…
Liberty Prepares for 100-Acre MXU Liberty Property Trust has announced plans to develop a sustainable mixed-use business park to be situated on 100 acres. The park, dubbed “Liberty Center at Rio Salado,” will offer a mix of office, flex and industrial space, as well as retail and hotel components. Furthermore, if all goes according to plan, Liberty could break ground on its first speculative building later this year. View article…
Council signs on to projects in $212 million bond plan Scottsdale will ask voters to approve a bond package this fall that would raise taxes to pay for city projects. After nearly three hours of deliberation Tuesday, the Scottsdale City Council supported 39 projects totaling $212 million, ranging from Civic Center improvements to police and fire building expansions and a downtown parking garage. View article…
Gun Retailers Put Real Estate in Their Sights While lawmakers continue to debate potential gun-control policies in the wake of several recent outbreaks of extreme gun violence, a handful of specialized retailers that cater to highly selective outdoor and gun enthusiasts, have defied the general retail downturn by posting strong sales over the past several years. View article…