Hope to see you this AM at The Baby Reesa Benefit Golf Tournament For more info, click here… (If not, have a great weekend!)
Here are the news articles you might find interesting today for commercial real estate and business:
To view the CPI 2Q12 Industrial Market Report, click here…
Market Trend: Phoenix’s Retail Vacancy Decreases to 11.8% The Phoenix retail market experienced a slight improvement in market conditions in the second quarter 2012. The vacancy rate went from 12.2% in the previous quarter to 11.8% in the current quarter. Net absorption was positive 696,233 square feet, and vacant sublease space decreased by 52,259 square feet. View article…
Co+Hoots expanding to larger Phoenix location Co+Hoots, a co-working space for creative entrepreneurs in downtown Phoenix, will relocate to a larger location to help spearhead Washington Row, a new coalition of business incubators, accelerators and co-working spaces. The relocation and new space, dubbed Co+Hoots 2.0, will launch Oct. 1 in a renovated auto shop at 1027 E. Washington St. in Phoenix. View article…
Report: MF Demand, Investment & Development Remain Strong For the third year in a row, the U.S. economy continues sluggish growth as it remains impacted by macro factors. Despite the poor economic showing, the multifamily property sector nationally continues strong, bolstered by a net absorption of more than 30,000 units in Q2 and a national multifamily vacancy rate of 4.7%. View article…
Western extension of Metro light rail gains approval A $1 billion extension of the Metro light rail to the Arizona State Capitol and along Interstate-10 in west Phoenix took a step forward Wednesday. The Maricopa Association of Governments gave its approval to the planned extension route. MAG is the regional transportation planning authority. The 11-mile route starts in downtown Phoenix and would run to the State Capitol area and then up Interstate-17 and west on the I-10. It would end at a commuter parking lot at 79th Avenue and near the Ashley Furniture HomeStore Pavilion (formerly the Cricket Pavillion concert venue). 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.