Here are the news articles you might find interesting today for commercial real estate and business:
To view this weeks Costar Watchlist, click here.
Phoenix’s Select Top Industrial Leases for Q4 2011 The following is an account of the Phoenix market’s select top 10 industrial lease transactions for fourth quarter 2011. Cornerstone Services, Inc. leased 337,897 square feet in Interstate Logistics Center at 7210 W Van Buren St. in Phoenix. View article…
CARTER’s OPENS A NEW STORE IN GLIBERT! Velocity Retail Group negotiated a new 4,000 square foot store on behalf of Carter’s in the Gilbert Commons shopping center at the southwest corner of Baseline and Cooper Roads in Gilbert, Arizona. View article…
Cleantech, exports and manufacturing key Phoenix economic growth Phoenix is going to have to ween itself off of retail and tourism jobs in the coming decades if it wants to keep up with the rest of the world. View article…
Cigna Medical Group laying off 100 in Phoenix Cigna Medical Group is laying off 100 employees, including 15 doctors, and the health care company closed nine of its CMG CareToday clinics. In December, Cigna closed CMG CareToday clinics throughout the Valley, leaving only two open in Phoenix: one at Central and Adams avenues downtown, and another at 90th Avenue and Thomas Road. View article…
LA private equity firm buys Biltmore Bank Biltmore Bank in Phoenix has been acquired by Grandpoint Capital Inc. of Los Angeles. Terms of the all-cash deal were not disclosed. Regulators and shareholders still need to approve the deal before an expected closing in the second quarter of this year. View article…
Borrower Trends 2012: Capital Markets Recovery Holds Steady The volume of multifamily and commercial real estate lending is a far cry from the frothy days of 2005 through 2007. Yet the flow of capital is growing and both borrowers and lenders are optimistic that financing will continue to improve in 2012. View article…
Latest Congressional Budget Outlook For 2012-2022 Released, Says Real Unemployment Rate Is 10% What do the NAR, Consumer Confidence and CBO forecasts have in common? If you said, “they are all completely worthless” you are absolutely correct. Alas, the market needs to “trade” off numbers, which is why the just released CBO numbers apparently are important… And the fact that the CBO predicted negative $2.5 trillion in net debt by 2011 back in 2011 is largely ignored. Anyway, here are some of the highlights. View article…
SAMPLE OPPORTUNITIES:
Bella Vista Retail Center – (BACK ON MARKET) 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. 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.
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