Here are the news articles you might find interesting today for commercial real estate and business:
NAI Horizon and C-III Realty Complete $28.3 M Sale of Retail Properties NAI Horizon, in partnership with C-III Realty Services has announced the successful disposition sale of four retail shopping centers located in the Greater Phoenix metro area. On October 30th, TriGate Capital of Dallas, Texas acquired four retail centers: Ahwatukee Mercado, Elliot Plaza, The Crossings at Fountain Hills, Ventana Lakes Village Center. The sale price totaled $28,300,000. The four centers represent a total of 306,959 square feet of retail space. View article…
Tanger Outlets at Westgate open in Glendale; see photos from the inside Eight months and one day since breaking ground, the new Tanger Outlets at Westgate opened Thursday morning to crowds of eager shoppers looking to check out the region’s newest retail destination. The outlet mall, off Loop 101 on Glendale Avenue, was the place to be this morning as a swarm of shoppers gathered. View article…
Photos from inside the new $50M Ak-Chin entertainment complex After two years of planning, 10 months of construction and $50 million, the Ak-Chin tribe opened a huge entertainment complex Wednesday a few hundred feet from the city of Maricopa. The grand opening, hosted by UltraStar Cinemas for the 925-member Native American tribe, welcomed a large crowd to the new facility, which included the city of Maricopa mayor and one of the stars from the hit movie Breaking Dawn, Booboo Stewart. View article…
Arizona unemployment rate inches lower in October Arizona’s unemployment rate inched down to 8.1 percent last month at a time when the national unemployment rate went up, according to a report released today by the Arizona Department of Administration. While the state’s unemployment rate inched down one-tenth of a percentage point from 8.2 percent in September to 8.1 percent in October, Arizona gained 11,900 non-farm jobs in October. View article…
HOUSING:
Zillow: 14M Homeowners Still in Negative Equity, Share Drops Below 30% In the third quarter of this year, negative equity slipped further and now represents less than 30 percent of homeowners with a mortgage, Zillow revealed Thursday. According to a negative equity report, 28.2 percent of all homeowners with a mortgage remain underwater, a decrease from 30.9 percent in the second quarter. View article…
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