Commercial Real Estate & Business News – September 13, 2016

Despite rising prices, institutional investors continue to buy single-family rentals. The share of single-family homes bought by investors stopped shrinking in 2016, after getting smaller for years.…»
Irvine, California-based Crown Realty & Development bought a 44th Street office building in Phoenix from Van Trust Real Estate LLC for $40.4 million. The Four Gateway building at 444 N. 44th St., near Van Buren Street, is occupied by CVS and was previously home to State Farm offices.…»
Big sprawling suburban land deals – a hallmark of Arizona’s real estate market – could be coming back. Phoenix-based El Dorado Holdings Inc. bought more than 1,100 acres in Pinal County for $38.4 million…»
Construction during the current real estate cycle has generally stayed below historical trends, but deliveries have increased as the cycle matures, prompting a look at whether markets are becoming overbuilt.…»
Security Properties Inc. in Seattle, Wa. (David Dufenhorst, CEO) and partner Aetna Health and Life Insurance Co. in Hartford, Ct. have teamed up to buy the 432-unit Arches at Hidden Creek apartments in Chandler…»