Commercial Real Estate & Business News – September 4, 2013

As the traditional summer vacation season wrapped up, it became easier to focus on the economic performance over the first half of the year. However, the task became an exercise in reading fortune cookies given the many changes in the economy, the markets, and the legislative environment… Read more
Commercial real estate investing is preparing a shot in the arm as a result of the shift in delivery of health-care services from the Affordable Care Act. The new law is turning health care into a growth sector that real estate investors cannot ignore, managers say. Starting next year, the law is expected to extend health-care services to 30 million to 50 million more people, greatly increasing demand for medical office space and medical facilities, as well as certain types of senior housing and care facilities… Read more
The recession was a good time for major projects to get under way. More firms chasing fewer projects meant the sharpest pencils were calculating estimates and ever-tighter schedules. A number of public agencies, institutions and major corporations moved projects from the boards to construction over the past few years. Some of those $100M massive efforts are heading towards completion… Read more
Murray Hill Developments Ltd. has made it second buy in the region, acquiring ownership of the 264-unit Desert Harbor Apartments. The Edmonton, Alberta buyer paid $26.6 million to Equity Residential Trust of Chicago for the property… Read more
Small-business hiring dipped a second straight month in Phoenix, according to SurePayroll’s Small Business Scorecard. In August, hiring fell 0.3 percent at Phoenix small businesses, which followed a 0.2 decline in July. On the bright side, paychecks inched up 0.3 percent for those working at small businesses around town…Read more