Commercial Real Estate & Business News – July 31, 2015
Infill developer bringing $40M hipster-focused condo project to Central Avenue Deco Communities — which has developed and redeveloped infill condominiums and apartments in Phoenix, Scottsdale and Las Vegas — is starting sales and will soon break ground on a new $40 million residential project in midtown Phoenix. The Edison Midtown condos are being built at […]
Commercial Real Estate & Business News – July 30, 2015
Haggen Grocery Expansion Hits Snags, Faces Albertsons Lawsuit Rolling out 146 new stores was never going to be easy, but Haggen has run into even bigger challenges than the Bellingham, Washington-based grocery chain may have anticipated. Haggen announced last year it would take over many of the stores vacated by Albertsons and Safeway after the […]
Commercial Real Estate & Business News – July 29, 2015
New Capital Continues to Come to Multifamily The market for apartment properties is likely to keep expanding. That’s despite the fact that the business of investing in apartments has already been in expansion for six years, since property prices hit their low point in 2009. No boom lasts forever, but the long, slow recovery from […]
Commercial Real Estate & Business News – July 28, 2015
Commercial Corner: RETAIL UPDATE Phoenix metro shopping center is no longer a cringe-worthy phrase that one is afraid to utter in the real estate world. In fact, after a 6-year period of bumping along the bottom after a freefall never experienced before in our market, Phoenix metro retail has roared back to an “en vogue” […]
Commercial Real Estate & Business News – July 27, 2015
2015’s Apartment Sales on Pace to Beat 2006 In the first half of 2015, $63.2 billion worth of apartments changed hands, a 37.6% increase compared with last year, according to Real Capital Analytics (RCA). The second quarter produced $29.7 billion worth of this activity, a 13% increase over 2014?s second quarter… Read more » No Threat: Greek […]
Commercial Real Estate & Business News – July 20, 2015
Macy’s and Other Retailers Are Pressured to Sell the Land Beneath Them Retailers are coming under renewed pressure to cash in on their real estate as property values soar. But the approach has a mixed track record and poses risks at a time when chains are rapidly retooling their stores to support online operations. Macy’s […]
