Commercial Real Estate & Business News July 19, 2019
West Valley Redefines Itself As a Catalyst for Innovation, Economic Growth Long, long ago in a region many Phoenicians perceived as far, far away, the West Valley was considered … well, perhaps in need of some polish. But it didn’t take a rebellion to change this perception. It took revitalization, rebranding and relaying a more accurate, […]
Commercial Real Estate & Business News July 18, 2019
Papago Plaza Moves Forward with its 11-acre Redevelopment Plan Papago Plaza is moving forward with its 11-acre redevelopment plan for an urban mixed-use lifestyle community featuring specialty restaurants and retail, a grocer, luxury apartment homes and an all-suites hotel designed in an orchard-like setting at the southwest corner of Scottsdale and McDowell Roads.…» Fundraising for Distressed […]
Commercial Real Estate & Business News July 17, 2019
Securitized Loans Appear Back on Track Securitized loan issuance, an indicator of the commercial real estate industry’s health, dipped in the second quarter from a year earlier. Even so, an examination of the data reveals plenty of bright spots.Deals for all property types except single-family rentals were up from the first quarter of this year as […]
Commercial Real Estate & Business News July 15, 2019
Lenders Open Up to Phoenix Construction Deals A few years ago, securing construction debt was a challenge in Phoenix, but today, lenders are actively chasing deals. The capital markets appetite illustrates the evolution of the Phoenix market. Scott Meredith of George Smith Partners recently secured a $67.3 million construction loan for the development of a 254-unit […]
Commercial Real Estate & Business News July 12, 2019
Retail Rents Are Rising Across the Board, But at a Glacial Pace Despite continuing U.S. store closures, retail rental rates are trending slightly higher, and some argue that the overall retail sector is in relatively good shape. “When you take all retail product types, the overall asking rents are going up,” says James Cook, Americas director […]
Commercial Real Estate & Business News July 11, 2019
Development Projects Transform Tempe Into Second Urban Center The East Valley city of Tempe is transforming into the Metro Phoenix’s second urban center, as high-rise buildings begin to fill in around Arizona State University, one of the biggest development magnets, if not the biggest, in Arizona. Much of that development is occurring along the traditional avenue, […]