Here are the news stories you might find interesting today regarding commercial real estate and business:
Grocery-Anchored Center Nabs $25M Refi With its 10-year mortgage near maturity, Arcadia Crossing, a 452,127-square-foot grocery-anchored center, has obtained a $24.5 million fixed-rate loan from a domestic bank to take out the conduit loan. View article…
Sunbelt Holdings buying SunCor real estate assets Sunbelt Holdings is buying SunCor Development’s real estate portfolio including commercial land at Hayden Ferry Lakeside in Tempe, the Sanctuary Golf Course in Scottsdale and land at the expansive Palm Valley development in Goodyear and Avondale. View article…
PENTA BEGINS $20 MILLION CASINO RESORT EXPANSION SOUTH OF PHOENIX The PENTA Building Group has broken ground for the $20 million expansion of the Harrah’s Ak-Chin Casino Resort, a 148-room property located 39 miles south of Phoenix in Maricopa. View article…
Phoenix outbid for museum property Phoenix lost a bid on the property that houses the Pioneer Arizona Living History Museum at a state-land auction Thursday. View article…
Nobuo Opens, Tilted Kilt Coming Soon The summer heat hasn’t hampered the Downtown dining scene. Every week brings welcome news of restaurants expanding or new additions to the dining landscape. The recent influx of restaurants prompted the creation of a new annual publication from the Downtown Phoenix Partnership. View article…
MARKET SNAPSHOT: With Pricing Hitting Bottom, Phoenix Investors Pick Up the Pace PhoenixIn a move that seems to signal the emerging recovery of Phoenix’s multifamily market, Transwestern’s Phoenix office recently negotiated the sale of the 258-unit Monterra apartment community for $16,650,000. View article…
Education accounts for most of Arizona’s 53,100 job losses Arizona lost 53,100 jobs in June mostly due to summer breaks at schools and colleges. View article…
Headhunter: Job picture improving for finance, specialists, managers but not rank and file A veteran Valley headhunter is seeing some improvement in the Phoenix job market, but says companies are slow to hire rank and file staff and support workers. View article…
Arizona remains in top ranks for foreclosures Arizona remains in the top ranks of U.S. states for foreclosures, according to the June report from RealtyTrac. View article…
If you want a copy of the latest foreclosure spreadsheet, email me and I will send it to you.
Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.