Commercial Real Estate & Business News – October 1, 2014

Where To Invest In Real Estate In 2015

The map of global real estate investment has changed. After years in which they privileged capital preservation over returns, investors have regained their taste for adventure and are branching out into alternative markets in search of good opportunities. Read more »

Among Commercial Sectors, Investors Still Favor Multifamily

Even as interest in other commercial sectors starts to gain momentum, investors still see upside in multifamily, according to a recent survey of real estate executives from the consulting firm KPMG. Despite oversupply fears in certain markets, 53 percent of respondents said they expect a ?significant amount? of new development to launch, which is up from last year?s 43-percent in last year?s survey. Somewhat surprisingly, 5 percent of respondents expected no construction activity in multifamily (that number was at 11 percent last year). Hospitality was second with 34 percent of respondents expecting significant activity (up from 18 percent in 2013)… Read more »

Why These Ecommerce Front-Runners Are Building Brick and Mortar Stores

Ecommerce, with all its convenience, was supposed to be the death of traditional retail. That?s why hearing ecommerce leaders get excited over opening brick and mortar storefronts feels a bit like having your tech-obsessed friend talk up VHS… Read more »

Emerging Technology Corridor in Mesa

Mesa?s Office of Economic Development is taking strides to incentive the development of a technology corridor just north of the bourgeoning Eastmark Community. The 1.5 square mile project area has been dubbed the “Elliot Road Technology Corridor”, and will be located on the north side of Elliot Road between Hawes & Signal Butte Roads ? just west of the former First Solar building now occupied by Apple Corporation. To create this district Mesa is putting forth entitlement requests to rezone the project area as Limited Industrial (LI) with a Planned Area Development (PAD) Overlay… Read more »

Park Lucero Development to Bring More than 1,000 Jobs to Gilbert

The industrial park and buildings were designed by Butler Design Group and is being constructed by D.L. Withers Construction, both Phoenix-based companies. Phase I, at build-out, will feature three buildings totaling 210,000 square feet of warehouse/distribution space… Read more »