Commercial Real Estate & Business News February 13, 2019
Two Scottsdale Malls See Huge Sales Increases, Parent Company’s Filing ShowsTwo of Scottsdale’s most prominent shopping destinations, Scottsdale Fashion Square and Kierland Commons saw retail sales increase dramatically from 2017 to 2018, according to documents filed Thursday with the U.S. Securities and Exchange commission. The Macerich Co. (NYSE: MAC), a Santa Monica, California-based real estate […]
Commercial Real Estate & Business News February 12, 2019
Gilbert’s New Mission is to be the ‘City of the Future’Gilbert, Arizona has unveiled its new mission: “Anticipate. Create. Help people.” As Gilbert approaches its 100thbirthday in 2020, the new mission statement is focused on keeping the thriving community that Gilbert is today well into the future. “The people are here, the businesses are coming, […]
Commercial Real Estate & Business News February 11, 2019
Scottsdale Multifamily Investor to Build $16.9M Project in South PhoenixA Scottsdale multifamily investor has purchased some vacant infill land in south Phoenix to build its own project, looking to ride the popularity of single-family hybrid rental communities. Avenue North LLC paid $2.05 million cash for 6.7 acres at the northwest corner of 16th Street and […]
Commercial Real Estate & Business News February 8, 2019
Big Desert Ridge Project Gets Green Light in PhoenixDeveloper Crown Realty & Development has acquired the master developer rights for 96.5 acres of land in the Desert Ridge area of Phoenix. The land site had been the subject of more than a decade of litigation over land rights and bankruptcy. Now that the litigation has […]
Commercial Real Estate & Business News February 7, 2019
How Does Mixed-Use Stack Up on the Capital Side?Equity investors continued to seek out multifamily in 2018 and lenders had plenty of capacity to place debt, but will the trend continue into 2019? Panelists took on that issue during the 2019 NMHC Apartment Strategies Outlook Conference here in San Diego. For Waterton, Philip Martin, SVP […]
Commercial Real Estate & Business News February 6, 2019
Job Growth to Fuel Phoenix Economy in 2019Phoenix was one of the leading metros in the country for employment growth in 2018, a trend that experts forecast will continue into this year as the economy shows no immediate signs of slowing. Phoenix added 76,900 new jobs in 2018…» Cuningham Group Unveils Plans for Millennium Park […]