Here are the news articles you might find interesting today for commercial real estate and business:
Whitestone REIT Adds Dana Point and Fountain Square to Phoenix Retail Holdings Houston-based Whitestone REIT has purchased the Dana Park Village Square and Fountain Square neighborhood shopping center in two transactions totaling $61,866,600 and a cumulative 443,070 square feet. View article…
Gypsy Bar To Open At CityScape In Downtown Phoenix Adding to Downtown Phoenix’s growing reputation as a nightlife entertainment destination, the owner of Lucky Strike Lanes has announced the opening of a new, high-end nightclub right next to its highly popular bowling lounge. Gypsy Bar, a modern nightlife concept located at 50 W. Jefferson in CityScape, will launch at its Grand Opening party on Saturday, October 6. View article…
Chop, a ‘sit-down steakhouse,’ coming to Downtown Ocotillo A restaurant featuring mesquite-grilled steaks, fish, pork chops and lamb chops is scheduled to open the first week of November in Downtown Ocotillo. “Any kind of chop, you name it,” said Spike Lawrence, a Tempe-based developer and a partner with others in the new restaurant and two other popular eateries in the development, the Living Room and the Sushi Room. View article…
Tempe trying to preserve properties Repurposing the Hayden Flour Mill downtown is not Tempe’s only ongoing effort to preserve its history. The addition of a pavilion adjacent to Hackett House and the recent purchase of five potentially historically eligible buildings were discussed at the Tempe Historical Preservation Commission meeting Sept. 13. View article…
Datos Tucson report reveals surge in Hispanic buying power As the state’s fastest-growing demographic group, Hispanics also are the fastest-growing market for Arizona businesses. A new report sheds light on how fast that growth may be in coming years. DATOS: Tucson, released last week by the Arizona Hispanic Chamber of Commerce and Tucson Hispanic Chamber of Commerce, forecasts that Hispanics will account for $40 billion of Arizona’s consumer spending during 2012. That figure will rise to $50 billion by 2015, the report said. View article…
HOUSING:
Phoenix tops home price gains in July The moribund Phoenix housing market is showing increasing signs of life in the latest Standard and Poor’s/Case Shiller survey, with prices rising 16.6 percent in July. That was the largest year-over-year gain reported by far in the 20-city monthly survey. Second was the Minneapolis area that reported a 6.4 percent price gain. View article…
Phoenix, Arizona foreclosure activity falls again Foreclosure activity throughout metro Phoenix and Arizona continued tumbling this summer at a rate that far outpaced the nation, according to the latest report released Tuesday by CoreLogic. Metro Phoenix’s foreclosure rate, meaning the percentage of all outstanding residential mortgages in a particular area that are in some stage of the foreclosure process, in July was 2.18 percent. View article…
Case-Shiller Indexes to 20-Month High U.S. home prices continued to increase in July, according to Case-Shiller, with its 20-city index up 1.6 percent from June and the 10-city index up 1.5 percent. The 10- city index rose to its highest level since November 2010 and the 20-city index to the highest level since October 2010. Prices rose month-month in all of the 20 cities. View article…
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