Here are the news stories you might find interesting today regarding commercial real estate and business:
American Elite Training Center Leases 12,000 SF American Elite Training Center, a cheer, dance and tumbling training center, will house its new headquarters at 16655 N. 90th St. in Scottsdale, AZ. The tenant is taking 11,744 square feet of flex space, the majority being on the first floor with some office space on the second floor. American Elite signed a five-year deal that commences this month. View article…
Two industrial leases signed in Phoenix area B/E Aerospace is moving to 10 Chandler, an industrial complex near Interstate 10 between Ray Road and Chandler Boulevard in Chandler. View article…
Revolution Tea inks new distribution deal Phoenix-based Revolution Tea LLC has entered a distribution deal with Tucson-based Spike Beverage that will help get its products on more shelves throughout Arizona. View article…
700-Unit MF Portfolio Hits Market A court appointed receiver has placed two class C apartment communities on the market. The properties, the 486-unit Northern Point and the 214-unit Paseo del Sol…View Article…
Is the Price Right? Consider the Replacement Cost With property sales at a minimum and accurate capitalization rates difficult to ascertain, investors are increasingly looking at replacement cost as a method of establishing pricing parameters. The comparison of sales price to estimated replacement cost is a common component of property analysis. View article…
Will The Shadow Market Depress Apartment Rent Growth? Apartment buildings posted an increase in rents in the first quarter of 2010. As the economy continues to stabilize, the sector offers attractive investment opportunities. However, there is still a large supply of housing listed for sale, foreclosure rates remain high, and failed condominium developments still compete with market rate rentals in many places around the country. View article…
GE Capital to Cut Commercial Real Estate The head of General Electric Co.’s finance arm said the company aims to cut its holdings of commercial real estate by half, detailing plans to reduce the scale of a business that has proved a huge headache in the wake of the credit crisis. View article…
Receivers Maximize Value of Distressed Assets, While Saving Lenders Money Lenders are finding that taking properties back is the easy part. As the number of real estate-owned (REO) properties in California mount, a challenge for lenders is identifying purchasers with access to acquisition financing and an appetite to take on bank-owned properties. View article…
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Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.