Commercial Real Estate & Business News – October 13, 2017

Judi Butterworth, Sanford Burstyn and Ryan Sarbinoff say malls and shopping centers – and the retailers within them – will look very different in as little as three years. It’s fallout and realignment of the retail and commercial real estate sectors in the Phoenix area, all courtesy of “We will have more balance and equilibrium between e-commerce and brick-and-mortar…»

As high-net-worth (HNW) investors and family offices look to increase their portfolio allocations in real estate, the multifamily sector continues to offer attractive investment opportunities. HNW investors demanding predictable cash flows from core properties or value-add yields on ground-up and redevelopment projects can meet these objectives in the multifamily sector…»
Homes in Arizona have appreciated faster than homes almost anywhere else. In particular homeowners around the Phoenix metro area – in cities like Chandler, Gilbert and Scottsdale – have seen their home values increase by over 40%. This makes it a great spot to be a homeowner. Combine that with the large number of multi-bedroom homes and you have a great market to find a family home…»
Lost in the coverage of Amazon’s very public search for a second, multi-billion dollar national headquarters, was the barely-noticed lease the company signed in New York City last month. Yet that lease could signal billions of dollars in losses coming for retail commercial real estate across the country…»
Raw land situated in the heart of the bolstering 19th Avenue corridor sold for $855,000, or $11.31 per square foot. ORION Investment Real Estate’s Zack Mishkin and Dennis Hoth, CCIM were the exclusive brokers in this transaction. Originally listed with R-3 zoning designation, the land site closed escrow with an R-4A zoning designation…»