Here are the news articles you might find interesting today for commercial real estate and business:
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Shadow Tree Apartments Trade in Phoenix Sycamore Urban Properties has purchased the 148-unit Shadow Tree Apartments located at 2606 N. 44th St. in Phoenix, AZ for $5.25 million, or just under $35,500 per unit. Shadow Tree, built in 1979, consists of nine two-story, wood-frame and stucco, garden-style apartment buildings on 4.27 acres in Maricopa County. View article…
Tempe is ready to build, but where are the developers? The city of Tempe is actively pitching itself to developers. “If you’ve got the right project, we’ve got the land,” said Kris Baxter-Ging, community development marketing specialist. “We need more developers to step up.” View article…
Private Rack location will get another chance as Kelly’s Last fall, the Private Rack, chef Leonard Jay’s latest restaurant, was set to open in a building that sat vacant for five years on downtown Scottsdale’s Sixth Avenue. The restaurant never officially opened and the property, at 7117 E. Sixth Ave., once again sat lifeless. The corporation behind Private Rack was Gastro Pub 1. View article…
Northern Parkway plans generate more concerns A Maricopa County meeting last week meant to be an informational session on the construction of Northern Parkway drew some West Valley residents still concerned about the road project. The 12.5-mile project would connect Loop 303 to Grand Avenue by widening Northern Avenue to a multilane parkway. View article…
Core, Distressed, Debt and Opportunistic Private Equity Funds are Seeking CRE Investment Opportunities In early February, private equity giant Blackstone purchased a portfolio of U.K. industrial properties from logistics REIT Prologis Inc. in a $335 million deal. Less than one month earlier, Blackstone, along with DDR Corp., had acquired 46 shopping centers from EPN Group – the third major retail portfolio the firm has acquired in less than 12 months. View article…
Midwestern University’s Phoenix economic impact tops $300M Midwestern University’s economic impact in the Phoenix area exceeds $300 million, according to a study released today by economic consulting firm Applied Economics. With nearly 600 full-time employees and a $43.9 million payroll, Midwestern operates a dental institute, eye institute and a multi-specialty clinic. View article…
US Solar-Panel Installations Doubled In 2011 – Study U.S. developers installed more than double the amount of solar-panel generating systems in 2011 than the previous year, at a value of $8.5 billion, up 70% over 2010, although manufacturing slipped, according to a new study. View article…
Meet the Chinese consumer of 2020 Most large consumer-facing companies realize that they will need China to power their growth in the next decade. But to keep pace, these companies will also need to understand the economic, societal, and demographic changes shaping the profiles of consumers and the way they spend. This is no easy task not only because of the fast pace of growth and subsequent changes in the Chinese way of life but also because of the vast economic and demographic differences across the country. View article…
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Bella Vista Retail Center – 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…
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…
2 Acres of Land – Owner/User opportunity to purchase 2 acres of land off of I-10 & 40th Street. 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.