Here are the news articles you might find interesting today for commercial real estate and business:
Med Office Suffers at Hands of Stagnant Fed More than 300 real estate professionals have descended on this town for today’s RealShare Medical Office Conference and to hear the predictions promised for the sector going forward. The RealShare Conference Series is produced by ALM’s Real Estate Media Group, which produces GlobeSt.com and Real Estate Forum. View article…
DT Spotlight: Ballet Arizona Targets Old Warehouse for New Home Arizona’s premier dance company, Ballet Arizona, continues to gain national recognition, even garnering positive reviews by the New York Times critic Alistair MacCaulay. The School of Ballet Arizona turns out professional dancers, including David Hallberg, the first American dancer invited to join the celebrated Bolshoi Ballet in Moscow, Russia. And all this excellence is coming out of cramped quarters, tucked away behind a strip mall. View article…
$27 million veterans home dedicated in Tucson Aging and disabled Tucson-area veterans who require skilled nursing care now have a brand-new facility to address those needs. State officials, including Gov. Jan Brewer and Secretary of State Ken Bennett, dedicated the 130,000-square-foot Arizona State Veterans Home in Tucson on Friday. The new home means the state will now be able to fill a hole in its services network by providing high-level care to those in need, officials said. View article…
South Phoenix housing project replaces crime-ridden complex A housing project in south Phoenix to assist non-traditional families is removing what residents there long-considered an epicenter for local crime. The housing development non-profit group, Tanner Properties, and Los Angeles-based Alliance Property Group are building an $11.5 million, multi-family residence at 1640 E. Roeser Road for families in which grandparents are raising their grandchildren. The Grandfamilies Place housing project is the first of its kind in Phoenix, and, according to Phoenix housing officials, probably one of only two in the country. View article…
BLM solar zone plan gets Phoenix meeting The U.S. Bureau of Land Management will bring a revised plan to put solar energy zones throughout the west to a meeting in Phoenix next month. The plan will be shown for public comment at 7 p.m. Dec. 1 at the Sheraton Crescent Hotel, 2620 W. Dunlap Ave. in Phoenix. View article…
Fed’s Williams calls U.S. economy lackluster, but bright on Phoenix Federal Reserve Bank of San Francisco President John C. Williams said the U.S. central bank needs to take continued action to support the economic recovery in the face of stubbornly high unemployment, receding inflation and modest growth. Williams called the economic recovery “lackluster,” and said it is likely to continue in that vein in a prepared speech this morning to the Greater Phoenix Chamber of Commerce in Scottsdale. View article…
Phoenix wage gains far outpace rest of West Phoenix-area employee compensation is up 2.9 percent in the past year — the largest gain among major cities in the West. According to the Bureau of Labor Statistics Employee Cost Index released today, that 2.9 percent growth rate in wages and benefits topped the U.S. average of 2.1 percent. View article…
Phoenix-area Foreclosures Hit Lowest Level since Spring 2009 The Phoenix-area housing market is starting to see a little relief from the foreclosure crisis. A new report from the W. P. Carey School of Business at Arizona State University shows that, in October, foreclosures made up 26 percent of the existing-home transactions in the market. That’s the lowest level since April 2009. Still, the report’s author wants to be clear, the end is not in sight. View article…
SAMPLE OPPORTUNITIES:
Bella Vista Retail Center – 10.5% Cap Rate! Investment, multi-tenant retail center. For a brochure, click here…
5051 & 5057 E Thomas Road – Former Dentist Office and Former Real Estate Office For Sale (CALL FOR OFFERS-DEADLINE 12/1/2011) For a brochure, click here…
Kokopelli Springs in St. David, AZ – Investment, 56 unit mobile home park. For a brochure, click here…
7320 N Dreamy Draw – Freestanding Office Building in Squaw Peak Corridor-great owner/user opportunity. For a brochure, click here…
Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.