Commercial Real Estate & Business News – November 12, 2014

National Commercial Real Estate Market Finally In Recovery Mode

The national commercial real estate industry follows the state of the overall economy, with a normal lag of about two years. But this economic cycle of a sluggish economic recovery has been different and the nation’s commercial real estate market is lagging about four to five years behind the overall economy… Read more »

2015 Housing Confidence Slightly Down

Top real estate executives continue to be bullish about improvement in the US housing market, but less than they have been over the last two years and have grown significantly less confident in the world economy since January, says a recent 2014 Imprev Thought Leader Survey… Read more »

Investors, Tenants Prefer Green Retail Properties as Regulations Loom

Green retail properties are more desirable to both investors and tenants than non-green properties. That?s the message from Nils Kok, Ph.D., executive director of the Global Real Estate Sustainability Benchmark (GRESB) and associate professor of finance at Maastricht University. Kok will be the keynote speaker at ICSC?s RetailGreen Conference in Phoenix… Read more »

MG Properties Gets Back To Valley Buying…Acquires 376 Apartments For $35.6 Million

After making its last Valley investment nine years ago, MG Properties Group in San Diego, Calif. (Mark Gleiberman, principal) is back as a buyer in the Phoenix market with the acquisition of a Tempe apartment project. Maricopa County records show four tenant-in-common (TIC) companies formed by MG Properties… Read more »

Walmart Hired 1,700 Veterans Across Arizona

Walmart has hired 1,700 Arizona veterans over the past year and a half, the retailer said today. The Bentonville, Arkansas-based retailer, which is one of the largest private employers in Arizona, launched its Veterans Welcome Home Commitment program last year, pledging to hire 100,000 veterans across the nation by 2018…. Read more »