Commercial Real Estate & Business News – November 10, 2016

Donald Trump, the real estate mogul and businessman who resonated with white working-class Americans, rode a powerful wave of support on Tuesday in Arizona and across much of the country to become the 45th president of the United States. …»
W. P. Carey has completed a sale-leaseback with ABC Group for a portfolio of ten industrial facilities and one office facility in the US and Canada. Additionally, the net-lease REIT has entered into a sale-leaseback agreement for the acquisition of four additional industrial facilities in Mexico, which is expected to be completed this year.…»

Phillips Edison Grocery Center REIT I, Inc. has completed the strategic acquisitions of two grocery-anchored shopping centers located in Arizona and Florida for an aggregate purchase price of $47.95 million. West Valley Properties, Inc. sold the 257,979-square-foot Southern Palms …»

ViaWest Group and Cushman & Wakefield announced today that Wexford Developments of Calgary, Canada paid $8.8 million to buy a 74,525-square-foot, Class A flex/R&D building located at 6825 West Galveston Street in Chandler. …»
Sustained by improving job growth and strong demand for multifamily housing, commercial real estate has been steadily recovering in recent years. Looking ahead to 2017, growth is expected to flow into the smaller markets, according to a commercial real estate forecast session today at the 2016 REALTORS® Conference & Expo.…»