The Baby Reesa Benefit Golf Tournament is July 27 For more info, click here…
Here are the news articles you might find interesting today for commercial real estate and business:
To view the CBRE Capital Markets eNews for July 2012, click here…
MBK Senior Living Acquires Country Club at La Cholla MBK Senior Living has paid $31.9 million, or about $143,000 per unit, for the Country Club at La Cholla, a 223-unit senior living facility at 8700 N. La Cholla Blvd. in Tucson, AZ in an all-cash transaction. The 226,937-square-foot community was built in 1990 on 10.6 acres in the North Tucson / Oro Valley submarket. View article…
Biltmore Fashion Park announces tenants for Union area Biltmore Fashion Park has announced four new tenants signed for its new Union area, which is set to open in November. Whoopie Baking Co., Citrine Natural Beauty Bar, Paris Envy and Frances will be part of the space that will be used to highlight 19 small retailers from the local community. View article…
Phoenix hotel performance statistics show improvement The latest figures from STR, a company that tracks hotel performance, show a strong improvement in the Phoenix-area for the past year. Occupancy, average daily room rate, and revenue per available room all have increased compared with the numbers from a year earlier. View article…
South Scottsdale ‘SoSco’ nickname spurs debate South Scottsdale has a new nickname: “SoSco.” But not everyone is a fan. Eager to forge a new image for the region, some Scottsdale business leaders have started using “SoSco” when referring to the city’s southern gateway. Some say the name is less about being trendy and more about jump-starting revitalization along the sagging McDowell Road corridor. View article…
HOUSING:
Gilbert homebuilding continues to surge Gilbert issued twice as many new-home construction permits in fiscal 2012 than in the previous year, providing more evidence that strong residential growth has returned to the town after a lull during the recession. For more than a year, Gilbert has outpaced any other Valley community in new-home building, and the trend grew stronger as the town entered a new fiscal year July 1. Gilbert issued 2,323 single-family permits during fiscal 2012 after issuing 1,138 the year before, according to statistics provided by Development Services Director Greg Tilque. View article…
New gated community in Scottsdale meets pent-up demand Windrose Estates residents in Scottsdale have a home where the buffalo used to roam. The infill development of 23 homes at 94th Street and Sweetwater Avenue is built on Collin “T.C.” Thorstenson’s former buffalo ranch. He had horses and a herd of 20 buffaloes on a property surrounded by suburban homes. View article…
Homebuilder plans less-expensive units for Surprise Asante development Lennar Communities Development Inc. plans to add less-expensive homes, small shopping centers and townhouses to Asante, a master-planned community in Surprise that was supposed to be a luxurious showstopper. The zoning changes could revive construction in the sprawling $1 billion community, which was crippled by the housing crash in 2007. View article…
Redfin: Rising Demand, Falling Supply Driving Home Prices Up Real estate broker Redfin released the June results of its Real-Time Home Price Tracker, showing home price increases in nearly all 19 major U.S. markets. The tracker showed an average year-over-year price gain of 3 percent across all major markets and a monthly gain of 2.6 percent. Sales volumes also rose year-over-year (a 7.4 percent increase) but fell 1.1 percent month-over-month. View article…
ForeclosureRadar: Foreclosure Sales Down in Western States ForeclosureRadar issued its Foreclosure Report for June on Wednesday, revealing that foreclosure sales fell significantly in the three largest foreclosure states in the company’s coverage area. According to the report, foreclosure sales in California were down 13.4 percent over May and 48.8 percent over June 2011. Arizona and Nevada also saw a downturn in sales, showing month-over-month decreases of 18.5 percent and 14.6 percent, respectively. View article…
Check out the Market Reports section of my webpage! The market reports that I review on a regular basis will be archived here. I would like to know your feedback after looking at the page. Send feedback by click here…
CURRENT FOR SALE OPPORTUNITIES:
Bella Vista Retail Center (IN ESCROW-ACCEPTING BACK UP OFFERS) Investment, multi-tenant retail center. For a brochure, click here…
Former SunTykes Property in Tempe Arizona – Owner/User Opportunity. For more information, click here…
Freestanding Auto in Mesa, Arizona – Owner/User Opportunity. For more information, click here…
+/- 43,000 SF Leased Industrial Building in Southern Gardens – Single Tenant Investment opportunity. For more information, click here…
1 Industrial Condos in Bahia Business Park (UNIT 104-SOLD – 105 Still available) Owner/User opportunity to purchase 1 industrial condos. For more information, click here…
Former TDC Corp HQ – 6515 S Rural Road, Tempe, AZ (IN ESCROW-ACCEPTING BACK UP OFFERS) – Former Corporate HQ for TDC in Tempe, AZ For Sale. For more information, 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.