Commercial Real Estate & Business News – September 10, 2013

Affordable’s Generational Change in Leadership

The next generation of leaders in affordable housing and community development will bring a different perspective and embodiment of the issues and drivers than their Boomer predecessors. But have we developed the knowledge, the business models and techniques, and perspective for the next generation of leaders to manage production… Read more

New Stagecoach Village Owners Focus on Developing Property

Ownership of one of the biggest retail centers in Cave Creek officially has changed hands. The previous owners of Stagecoach Village have waived a grace period that allowed them the opportunity to buy the property back after it foreclosed, effectively clearing a path to the deed for the new owners… Read more

Desert Creek at Las Sendas in Mesa Acquired by Ryland

Ryland Homes closed on the first of two phases within Las Sendas, a largely built out 2,432 acre master-plan in North Mesa, Northeast of Power & McDowell Roads. The subject community is to be called Desert Creek. The sale price was $3.325M or $219,864 per acre for the roughly 15-acre parcel. City zoning documents indicate the subject sale portion is planned for… Read more

Economists Expect 3% Growth in 2014

Business forecasters maintained their rosy view of the U.S. economy in 2014, predicting 3% growth by the second quarter of next year, low inflation and improving employment. The top economists surveyed by the National Association of Business Economics between Aug. 8 and Aug. 20 also said there’s an 80% likelihood that… Read more

Fading Negative Equity May Boost Inventory

Fewer underwater homeowners translates to increasing equity, which is a step in the right direction for the housing industry, experts say. As negative equity fades and positive equity increases, more homeowners will be able to reenter the home-selling and buying market, which is good news for an industry starving for inventory… Read more