Commercial Real Estate & Business News – August 10, 2015
ADOT Starting Property Demolition to Clear Route for Loop 202 Extension The Loop 202 South Mountain extension is moving forward. Arizona Department of Transportation announced it is starting demolition of vacant properties it acquired as part of the nearly $1 billion right-of-way acquisition program. Along the alignment from 59th Avenue and Interstate 10 to the […]
Commercial Real Estate & Business News – August 7, 2015
NXRT/BH Equities Spends $116 Million to Buy Portfolio of 1,114 Apartments Companies formed by NexPoint Residential Trust Inc. and BH Equities LLC paid $116 million (blended average of $104,129 per unit) to purchase 1,114 apartment units in three Valley communities. The sellers in three separate transactions were companies formed by Bascom Arizona Ventures LLC… Read more » […]
Commercial Real Estate & Business News – August 6, 2015
Borrowers Enjoy “Perfect Storm” for Refinancing Opportunities Low interest rates, rising property values and incomes, and a competitive lending environment are creating a perfect storm for borrowers looking to refinance maturing loans. The robust refinancing activity over the past 12 to 24 months is continuing to take the edge off the looming mountain of loans […]
Commercial Real Estate & Business News – August 5, 2015
Natural Grocers Slates Scottsdale Store Opening Date Natural Grocers will open its first Phoenix store Aug. 11. The new store will be at 13802 N. Scottsdale Road. As part of its grand opening, the first 100 customers will receive a gift card up to $100. Natural Grocers already operates four Arizona stores in Sedona, Tucson, […]
Commercial Real Estate & Business News – August 4, 2015
Cohen Asset Management Adds to Portfolio…Pays $20.32 Million for Industrial Facility A company formed by Cohen Asset Management Inc. paid $20.32 million ($64.80 per foot) to acquire a 313,600-square-foot industrial project located at 4550 W. Watkins Street in Phoenix. The seller was Kansas City Life Insurance Co. The 19.7-acre manufacturing facility, which was developed in […]
Commercial Real Estate & Business News – August 3, 2015
Viawest/AllianceBernstein Buys Biltmore Financial Center for $163.1 Million A company formed by ViaWest Properties and AllianceBernstein paid $163.1 million ($257.48 per foot) to purchase the Biltmore Financial Center office project at the northwest corner of 24th Street and Camelback Road in Phoenix. The seller of the three-building, 633,459-square-foot complex was East Camelback Road Inc., a […]
