Commercial Real Estate & Business News – May 23, 2014

The $85 million deal for the Anchor Centre is the priciest Valley office sale in at least two years. KBS Realty Advisors of Newport Beach, Calif., purchased the property from Angelo, Gordon & Co. of New York and David Warren of Phoenix-based DW Capital Partners… Read more
It has the makings of a blockbuster urban-development story: a 20-acre parking lot in Tempe transformed into the largest office development in Arizona history. The sky-high cranes that tower over the $600 million Marina Heights project, just north of Sun Devil Stadium at Tempe Town Lake, are a spectacle for passers-by… Read more
United States healthcare is on the brink of change. Soaring costs, advanced technology, a sudden influx of newly insured patients delivered by the Affordable Care Act, and, especially, new thinking about the optimum way to provide the best healthcare, make up the critical mass to power the transformation. As the delivery model evolves, so will the real estate – the structures that house healthcare services… Read more
In recent years, Gilbert has grown immeasurably in the population, number of residential properties and commercial presence in town. However, its growth does not mark the completion of the town; rather it marks a renewed effort to increase quality of life, vivacity of the Heritage District, and attraction of companies…Read more
You would think the forecast would be sunny instead of cloudy. Arizona’s population is growing, Maricopa County is among the national leaders in adding jobs and all signs indicate that the state’s economy will continue to expand. Despite all the positive economic indicators, 2014 housing sales aren’t living up to industry expectations after beginning a robust comeback in 2013 that saw the median single-family-home price rise 27 percent from the preceding year. Unfortunately, the comeback slowed to a halt and the Phoenix area is now observing negative milestones in its housing market… Read more