Commercial Real Estate & Business News – August 19, 2016
Crescent Scottsdale Quarter Apartments Sell for $87 Million In what is the highest price per unit ever paid for a conventional multi-family project in the Valley, a pension fund advised by INVESCO Realty Advisors in Dallas, Tx. paid $87 million ($316,364 per unit) to buy the 275-unit Crescent Scottsdale Quarter apartments at 15345 N. Scottsdale […]
Commercial Real Estate & Business News – August 18, 2016
Phoenix-Area Hiring Makes Big Turn to High-Value Jobs Just two years into a concerted effort to shift the entire greater Phoenix economy from consumption jobs to production jobs is showing double-digit results in several advanced industries. “It’s an enormous effort to pivot an economy, and the data show Phoenix is starting to turn,” …» Conair […]
Commercial Real Estate & Business News – August 17, 2016
Apartment REITs Return to Buying Properties After a very slow start to the year, apartment REITs may buy a few more properties as their stock prices recover. Case in point: Mid-America Apartment Communities just announced its deal to buy Post Properties for nearly $4 billion. The giant acquisition reverses the trend…» Why So Many Businesses […]
Commercial Real Estate & Business News – August 16, 2016
Passco Pays $82M For Another $200,000+ Per Unit Apartment Project In its second Valley investment since December, Passco Cos. LLC in Irvine, Calif. (William “Bill” Passo, CEO) paid $81.988 million ($210,765 per unit) to acquire the 389-unit Almeria at Ocotillo apartments at 2470 and 2471 W. Edgewater Way in Chandler. The seller was Bell GD […]
Commercial Real Estate & Business News – August 15, 2016
How Broad Economic Trends are Affecting U.S. Real Estate There are many factors across the country-most are socioeconomic at their core-that will have tremendous impact on real estate markets over the next 12 months. Although most of the factors are national in scope, others are global. All are converging to alter the flow of real […]
Commercial Real Estate & Business News – August 12, 2016
Greater Phoenix Commercial Property Sales Mixed in Second Quarter Sales of commercial properties in Greater Phoenix were uneven in the second quarter of 2016 with a surge in industrial buildings and shopping centers, while office properties and medical office condos dropped in volume. …» Cohen Asset Management Adds Home Depot Facility To Portfolio In $48 […]
