Commercial Real Estate & Business News June 1, 2018
TruAmerica Joint Venture Pays $75.1M for Tempe Apartments A joint venture between TruAmerica Multifamily and funds managed by Oaktree Capital Management L.P. paid $75.1 million for a Tempe apartment complex. The 424-unit Galleria Palms, 1600 W. La Jolla Drive, is near U.S. 60 and Interstate 10 in an area seeing unprecedented job growth. Tyler Anderson, Sean […]
Commercial Real Estate & Business News May 31, 2018
CRE Defies Rising Tide of Global Debt Levels The International Monetary Fund (IMF) has been sounding warning bells about the high levels of global debt. But U.S. commercial real estate has been defying that trend, which could make the sector even more attractive as a “safe haven” for global capital.…» EXCLUSIVE: Scottsdale Developer Bringing $50M […]
Commercial Real Estate & Business News May 30, 2018
Phoenix, Buckeye Among Fastest-Growing Cities in U.S. Two Arizona cities were among the fastest-growing in the nation in 2017, according to population estimates released Thursday by the Census Bureau. The bureau’s “2017 City/Town Population and Housing Unit Estimates” said Phoenix saw the second-biggest increase among cities in nation, adding 65,852 new residents over the course of the […]
Commercial Real Estate & Business News May 29, 2018
Fed Changes Tune on Raising Interest Rates this Year Many experts have been more bullish in their approach to increases to the federal funds rate in 2018, forecasting a total of four rate hikes for the year. Last year, experts even predicted the President Donald Trump’s selection for Federal Reserve Chair wouldn’t matter – the […]
Commercial Real Estate & Business News May 25, 2018
Does Phoenix Need More Co-Working Space? If Phoenix wants to establish itself as a bona fide tech market, more co-working space would probably be a good start. Google, Apple and Microsoft were once fledgling companies based out of garages. But today they might have started off in a co-working space like Uber, Instagram and Indiegogo […]
Commercial Real Estate & Business News May 24, 2018
What The Shopping Center Of The Future Might Include LAS VEGAS-GlobeSt.com met up with a few executives Monday at ICSC RECon to chat about all things retail. According to Amy Fingerhut, first VP at CBRE, she is seeing an increased interest in retail in urban core submarkets. For example, in downtown Atlanta, she tells GlobeSt.com that the […]