Here are the news articles you might find interesting today for commercial real estate and business:
Local Real Estate Professional Discusses Technology Nicholas L. Miner, CCIM, vice president at ORION Investment Real Estate, was quoted in the September/October issue of Commercial Investment Real Estate, the magazine of the CCIM Institute. Please read his comments in “iPad Insights,” which is available in the PDF file accompanying this release. To read the entire issue, visit http://cire.epubxpress.com or you can click here: CIRE Sep/Oct 2012 for the article. View article…
Ballet Arizona to break ground on new $10M home Ballet Arizona will break ground next week on a 45,000-square-foot complex that will allow the arts organization to expand educational and outreach programs. The group will begin moving dirt Oct. 9 at 9 a.m. for its new facility, which will include amenities such as a 299-seat performance space, new studios and class spaces, as well as a costume shop, production warehouse and administrative offices. Ballet Arizona’s new digs will be at 2835 E. Washington St. in Phoenix. View article…
Chandler luxury apartments sell for $27 million A Seattle-area real estate firm that has been one of the most active recent buyers of metro Phoenix apartments has bolstered its local portfolio yet again. Weidner Apartment Homes spent $27.3 million to buy the 240-unit luxury Dobson Towne Centre apartment development in Chandler, according to a statement Monday by CBRE Inc. in Phoenix, which represented the seller. View article…
Albuquerque accounting firm REDW merges with Phoenix companies REDW LLC, the largest locally owned accounting firm in Albuquerque, said Monday that it has merged with two Phoenix-area firms, a move that will grow the company to nearly 200 people. Financial details of the merger with the 35-person Miller, Allen & Co. P.C. and the 15-person Abalos & Associates PLLC firms were not disclosed. REDW will remain based in Albuquerque. View article…
Desert Eagle brewery finally on tap in Mesa It’s a couple of months later than originally planned, but Mesa’s first brewery — at least in modern times — is ready for business. Desert Eagle Brewery at 150 W. Main St. plans its grand opening Friday, an occasion the Downtown Mesa Association hopes will foam over with fun sideshows, such as a ceremonial tapping of the first keg. View article…
5 tenants at Peoria’s BioInspire have optimism Peoria’s BioInspire, the state’s first medical-device incubator, opened this week, housing companies that seek to improve vision, ease post-surgery care and make it easier for doctors to find cancerous cells. BioInspire, at 13660 N. 94th Drive in Plaza Del Rio near Loop 101 and Thunderbird Road, will act as a business-development center for companies looking to break into the medical-device field. View article…
80 million strong, millennials considered ‘the cheapest generation’ The generation that is soon to be the largest is also the cheapest, as millennials are struggling with everything from home ownership to student debt, according to the National Chamber Foundation. But what is causing all the frugality? The upwards of 80 million born between 1980 and 1999 tend to be more educated, which tends to influence spending and saving habits, according to the Chamber Foundation. View article…
Arizona near top for decline in unemployment rate Arizona is among the top 10 states for reduction of unemployment over the past year, according to new research from On Numbers. Arizona’s unemployment rate dropped 1.2 points, from 9.5 percent in August 2011 to 8.3 percent in the same month this year. View article…
Illinois Bank Failure Raises 2012 Tally to 43 The fall of an Illinois bank brought the year’s national bank failure tally to 43, FDIC announced Friday. The Illinois Department of Financial and Professional Regulation’s Division of Banking closed First United Bank in Crete, Illinois, appointing FDIC as receiver. View article…
HOUSING:
Where the Single-Family Rental Market Is Heading: Capital Economics No doubt, the potential of the REO to rental market has caught the attention of both individual and institutional investors. But, what is the potential of the REO to rental market, and how long will it continue? In a recent report authored by economist Paul Diggle, Capital Economics addressed those questions. 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…