Here are the news articles you might find interesting today for commercial real estate and business:
To view this weeks Costar Watchlist, click here…
To view the April/May 2012 Affordable Housing Finance magazine, click here…
Alter Group to develop $36M distribution center in Phoenix The Alter Group is developing a $36 million, 605,700-square foot warehouse and distribution center as a spec project at a site it owns in Phoenix. The project at the Buckeye Logistics Center at Buckeye Road and 67th Avenue in Phoenix will break ground in October. View article…
Phoenix leaders consider buying land near airport he face of a central Phoenix neighborhood could be in for a change. Once home to the hustle and bustle of cattle yards at the turn of the century, the lot on south 41st Street was later found to be contaminated by runoff from those yards and a fertilizer operation. View article…
Infinity Software relocates to Scottsdale headquarters Infinity Software, a developer of human resource-related programs, has moved into new headquarters in Scottsdale. The 10,000-square-foot space at 9366 E. Raintree Drive was needed to accommodate space for the company’s growth relating to its Infinity HR software, an online-based human resource management system. View article…
Syringe maker at Scottsdale Airpark expands A Scottsdale Airpark company that makes syringes using robotic manufacturing on Monday unveiled its expanded facility with a ribbon-cutting ceremony and tour. West Pharmaceutical Services Inc., based in Lionville, Pa., has invested more than $20 million in its Scottsdale Center for Excellence, said Tom McLean, senior director of engineering. View article…
Commercial closures ‘eyesore’ in city A gas station that has been vacant for eight years has become the poster child for commercial-corner blight in Chandler. The former Exxon station on the northeastern corner of Dobson and Elliot roads sits with windows boarded and protected by a chain-link fence. The major intersection is close to the Price Freeway and some city officials say the deteriorating building could be deterring development. View article…
Deco group gives aging apartments ‘retro-modern’ vibe Scottsdale-based Deco Communities is investing in the Phoenix-area apartment market by purchasing communities up to a half-century old and giving them a “retro-modern” makeover. Deco, led by former Scottsdale condo developers Robert Lyles and Patricia Watts along with partner Dan Richards, is about to begin work on its third “Cabana” apartment community, the brand created for Deco’s urban-renewal apartment projects. View article…
Opinion: Economic development takes on new importance in Gilbert Residential growth is returning much faster to Gilbert than any other Valley city. In March, the town issued 286 single-family building permits, more than Phoenix, Mesa and Chandler combined. Months of similar activity have boosted Gilbert’s sales-tax collections and proven that Gilbert is the community of choice for those buying a new home. View article…
Multifamily Sales Decrease in 1Q12, But Average Price Increases Preliminary first quarter 2012 multifamily property sales data indicate that transaction velocity decelerated from the rapid pace observed during the fourth quarter of 2011. After recording more than 360 U.S. apartment sales valued at $10 million or more during the fourth quarter of 2011, total sales closed during January, February and March probably declined by one-third or more. The average price of a unit traded in the first quarter of 2012, increased, however, rising 5 percent from $122,400 in the fourth quarter of 2011 to $128,600 during the first quarter of 2012. 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.
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