Commercial Real Estate & Business News – November 20, 2013

Chandler, Gilbert Among Best Cities for Home Sellers

Where are the best spots in the country to sell a home right now? According to research from Movoto, two Arizona cities made the cut. Chandler and Gilbert are among them. The online brokerage recently ranked Chandler and Gilbert ninth and tenth, respectively, in the nation. Scroll down to see the full Top 10… Read more

Apple to get $10M from Arizona Economic Fund; Capital Investment Could Total $1.5B

Apple Inc. will get $10 million from a state business recruitment fund for its 700-worker domestic manufacturing plant planned in Mesa. The Arizona Commerce Authority announced the $10 million grant from the Arizona Competes Fund. The fund is administered by Gov. Jan Brewer and the ACA. The Competes Fund is a $25 million pool used by Brewer and ACA to close deals to bring high-wage businesses and jobs to the state… Read more

Can CRE Crowdfunding Attract a Bigger Audience?

Firms that arrange crowdfunding are making a bigger pitch to raise capital to fund acquisitions and development projects. Yet it remains to be seen whether or not a niche will develop for crowdfunding in the broader commercial real estate investment arena. The basic premise behind crowdfunding is to raise small amounts of capital from a large group of individuals to be able to access investment opportunities that such investors would normally be cut off from… Read more

Net Lease Industry Strong As Ever

The net lease industry is as strong as ever due to dynamic changes that have taken place over the past 12 months, according to Paul McDowell, president of office, industrial and build-to-suit at American Realty Capital Properties. McDowell will share his industry expertise as a speaker on the Town Hall Meeting: State of the Industry panel at the upcoming Net Lease West conference. Moderated by Craig Tomlinson, senior director at Stan Johnson, the panel features industry experts Rick Chichester, president and CEO at Faris Lee Investments; Barclay G. Jones, III, EVP of investments at iStar Financial Inc.; Gino Sabatini, co-head of global investments at W.P. Carey; and Matt Tucker, managing director at the Gladstone Cos… Read more

Is the Single-Family Rental Market Built for Success?

Although the single-family rental market may have the reputation of being a logistical problem for property managers, some experts believe it is a sustainable business model. Richard Caterina says there always has been the possibility of building a strong business with single-family rentals, but it’s too soon to say whether it’s a long-term model. Caterina, senior vice president of Irvine, Calif.-based Johnson Capital, says the foreclosure crisis caught the attention of institutional investors and created “widespread aggregation,” especially in tertiary markets… Read more