| 5 Predictions for CRE from the Connect Conference The big question at the Connect National Investment & Finance conference held in New York City yesterday was: Will there be a recession and, if so, when? While that question went largely unanswered, debt and equity experts offered a number of near-term predictions. Here are five that would have a major impact on commercial real estate’s stability:…» |
| Strong Office Sector Fundamentals Sustain Value-Add Investment Strategies While the office market remains strong, conventional wisdom dictates that the later in the cycle, the more risky the investment in value-add office assets becomes. But investors are bucking preconceived notions about risk in a mature cycle, as there are currently few signs of declining office occupancy. “This is a different office market than what we’ve seen…» |
| The Dinerstein Companies to Build a 278-Unit Apartment Development in Park Central in Midtown Phoenix The owners of Park Central have sold off a 1.6-acre chunk of the property to a developer who is planning a mid-rise multifamily residential community on the site. Plaza Companies and Holualoa Companies sold the parcel along the southern boundary of Park Central to The Dinerstein Companies, a Houston-based developer of multifamily and…» |
| North America’s 1st Landscape Hotel is Underway in Sedona North America’s first landscape hotel is now underway with sitework and construction amidst the red rocks of Sedona, Ariz., offering a new way for travelers to embrace sustainable tourism in one of the rarest and beautiful places in America. Ambiente, A Landscape Hotel, will begin to take shape following the official site dedication yesterday by…» |
| White Castle Mania Continues Well into Evening After Grand Opening They came and waited hours to get their sliders on Wednesday – and they kept on coming, well after sundown after Arizona’s first White Castle burger restaurant opened its doors near Scottsdale. A company official estimated the wait to get the famous mini burgers and a variety of other menu items was running about 3½ hours just after 8 p.m. And – get this – about…» |