Commercial Real Estate & Business News – November 25, 2014

Commercial Real Estate Demand is Holding Steady Despite Overseas Concerns

Despite a slowing global economy, forward economic momentum in the U.S. should keep commercial real estate activity on firmer footing, according to the National Association of Realtors® quarterly commercial real estate forecast… Read more »

Multifamily Showdown: Buyers Battle and Sellers Win as Investors Fight for Apartment Properties

Multifamily properties have been a hot commodity in recent years. And potential threats on the horizon in terms of looming interest rate hikes and a growing development pipeline have yet to cool investor enthusiasm… Read more »

LA-based Investor Buys 90 Mountain View for $34.6M

Regent Properties, a multi-faceted real estate investment company, has acquired 90 Mountain View, a 183,644 square foot office project located at 9977-9999 N. 90th St. in Scottsdale, Ariz., for $34.6 million ($188.41 per square foot). The seller was Principal Real Estate Investors… Read more »

Colorado Investor Buys Mark-Taylor Apartments in Deer Valley for $62.5 Million

A company formed by Richmark Holdings paid $62.5 million ($161,082 per unit) to buy the 388-unit San Norterra apartments located in the Deer Valley area of north Phoenix. The seller was San Norterra Apartments LLC, a company jointly held by Mark-Taylor Inc… Read more »

Esplanade to Undergo Gensler-Designed Renovations in 2015

The Esplanade has announced that the mixed-use development will undergo renovations to its ground plane and retail space with work slated to begin in first quarter 2015. Renovation plans currently include strategies to open up the three main entry points to the retail portions of the property to make them more inviting and accessible to visitors. Additionally, the walkways will be redesigned so retailers can provide their customers with indoor/outdoor spaces in which to shop and dine. The central corridor will be reimagined to create a community square offering a space for the Esplanade community to come together. The space will offer outdoor seating as well an area for community events… Read more »