Here are the news articles you might find interesting today for commercial real estate and business:
Market Trend: Phoenix’s Office Vacancy Increases to 20.8% The Phoenix Office market ended the first quarter 2012 with a vacancy rate of 20.8%. The vacancy rate was up over the previous quarter, with net absorption totaling positive 497,777 square feet in the first quarter. Vacant sublease space increased in the quarter, ending the quarter at 1,174,811 square feet. The largest lease signings occurring in 2012 include the 80,158-square-foot lease signed by Rancho Solano Private School at 9180 E Via de Ventura in the Scottsdale market. View article…
Phoenix office vacancy rate tops 28 percent More than 28 percent of the commercial office space in the Phoenix area is vacant. A first quarter commercial real estate report by Cassidy Turley BRE Commercial shows the Valley’s office vacancy rate at 28.2 percent. The same Phoenix office vacancy rate was 27.9 percent in the fourth quarter of 2011. View article…
Surprise Stadium sees uptick in spring-training attendance Surprise slid into another winning spring-training season this year, with the city’s two baseball teams upping their combined attendance to 180,681 fans. The Texas Rangers and Kansas City Royals saw their per-game average attendance increase by 8.1 and 4.6 percent, respectively. Surprise Stadium hosts both teams for the month-long training season. View article…
Glendale, Habitat for Humanity to fix up, sell foreclosed homes A $1.3 million federal grant will transform a dozen foreclosed Glendale houses into homes for moderate- and low-income families. The Glendale City Council voted 6-0 Tuesday to approve a partnership with Habitat for Humanity Central Arizona. Councilman Phil Lieberman was absent. View article…
Jobless Claims Rise as Nation’s Trade Gap Shrinks The number of Americans filing for jobless benefits hit a two-month high last week, and more applications were received in the previous week than initially reported, the Labor Department said on Thursday. View article…
CURRENT FOR SALE OPPORTUNITIES:
Bella Vista Retail Center – Investment, multi-tenant retail center. For a brochure, click here…
+/- 43,000 SF Leased Industrial Building in Southern Gardens – Single Tenant Investment opportunity. For more information, click here…
2 Industrial Condos in Bahia Business Park – Owner/User opportunity to purchase 1 or both industrial condos. For more information, click here…
Former TDC Corp HQ – 6515 S Rural Road, Tempe, AZ – Former Corporate HQ for TDC in Tempe, AZ For Sale. For more information, click here…
5051 & 5057 E Thomas Road – Former Dentist Office and Former Real Estate Office For Sale/Lease. 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…
6677 W Thunderbird – BANK OWNED – Grey shell office condo in Glendale. For a brochure, click here…
Kokopelli Springs in St. David, AZ – Investment, 56 unit mobile home park. For a brochure, click here…
2 Acres of Land – Owner/User opportunity to purchase 2 acres of land off of I-10 & 40th Street. For a brochure, click here…
3.64 Acres of Land – BANK OWNED – Infill Development opportunity in Surprise. 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.