Commercial Real Estate & Business News – October 27, 2014

Apartment Sales Jump 28% in the Third Quarter

For the second straight quarter, apartment sales showed robust growth as the transaction market continues to dust off a mediocre 2013. Apartment sales hit $27.5 billion in the third quarter, a 28 percent increase compared to the third quarter of 2013, according to a report from New York-based research firm Real Capital Analytics (RCA)… Read more »

$350M Condos to Break Ground

Luxury, sustainable condominiums are slated to hit the market in Scottsdale when The Sterling Collection at Silverleaf launches sales in early November at the $350 million development, one of the largest luxury residential projects in the Southwest. The condos are located at Thompson Peak Parkway and Legacy Drive… Read more »

Construction Firm Officially Buys Former Elevation Chandler Site

Last month, the Chandler City Council approved the demolition of Elevation Chandler after approving a development agreement with Hines Interests Limited Partnership, a Houston-based construction firm. Now, Hines has officially bought the property for $8.25 million and is preparing to move forward on building on the valuable piece of real estate just south of Chandler Fashion Center… Read more »

STS to Expand in Peoria, Redevelop 173KSF Superstore

Old Town Peoria has been the heart of the city since its earliest days. The city?s economic development initiatives have been focused on proactive revitalization efforts to enhance the Old Town to attract new businesses and people to the area. This month, the city of Peoria will welcome State Trailer RV & Outdoor Supply (STS), which purchased the 173KSF Peoria Towne Center (the former Wal-Mart and Albertson?s store sites), 8200 W. Peoria Ave. STS operates RV parts, accessories & service superstores which include a wide array of RV-related products… Read more »

Gilbert Ranks High for Hispanic Businesses

Top-notch education, fast growing community, friendly Hispanic business environment, and overall best city to live in. Gilbert has been recognized and awarded for its excellence in each of these areas… Read more »

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