Here are the news articles you might find interesting today for commercial real estate and business:
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Greenfield Med/Dental Ctr Trades for $7.4M Gilbert Medical 2012 LP has purchased the medical office building at 2550 E. Guadalupe Rd. in Gilbert, AZ from Gilbert Medical Dental LLC for $7.4 million, or about $226 per square foot. The 32,674-square-foot, single-story office building was constructed in 2000 on 4.75 acres in Maricopa County’s Gateway Airport/Loop 202 submarket. The building is part of Greenfield Medical / Dental Center Phase I. There was one unit of 1,577 square feet vacant at the time of closing. View article…
Metrocenter Mall partners with Local First Arizona to draw retailers The new owners of Metrocenter Mall believe local retailers play a vital role in rejuvenating the landmark shopping center in West Phoenix, and they’re bringing on Local First Arizona’s Kimber Lanning to make it happen. New York-based retail investment firm Carlyle Development Group, which bought the mall for $12.2 million in January, has formed a new partnership with Lanning, View article…
Tanger Factory Outlets set to open in Glendale Nov. 15 Tanger Factory Outlet Centers Inc. will open its Westgate location Nov. 15, helping to close the “Gap” for West Valley shoppers seeking deals at an outlet mall. Along with the Gap Outlet, Tanger will bring several other brands that have yet to grace the West Valley with a retail presence. View article…
Glendale’s Midwestern University approved for state’s first veterinary medicine program Every dog has its day, and now so does Midwestern University’s veterinary program. The Glendale-based school has received approval from the state Board for Private Postsecondary Education to officially open Arizona’s first College of Veterinary Medicine. View article…
Election 2012: Breaking down Arizona’s winners and losers Election Day 2012 produced some big winners and big losers here in Arizona for our business community and economic landscape. In the end, it appears that more business interests lost than won. To see our rundown of the winners and losers, View article…
HOUSING:
Colony Capital Buys 970 REO Homes Colony Capital LLC has purchased 970 single-family REO properties in California, Arizona and Nevada as part of the Federal Housing Finance Agency (FHFA) pilot efforts to dispose of Fannie Mae’s first Real Estate Owned (REO) properties. Colony purchased shares of eight sub-portfolios of residential real estate owned (REO) properties, including tenant-occupied units and vacant single family residential properties. Fannie Mae has retained an interest in the equity cash flows. Colony is responsible for managing the operations of the owning entity. View article…
Survey: Confidence in Housing Improves with Economy Americans are getting off of the sidelines and back into the housing market game as signs continue to point to economic recovery. A recent survey shows that Americans are feeling less discouraged about the housing sector and are willing to toss their hats back into the ring. View article…
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