Commercial Real Estate & Business News October 24, 2019

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…»