Commercial Real Estate & Business News – July 9, 2015
PA of Michigan Assembling Central Phoenix Site for “Liv Sixteenth” Project Investment Property Associates LLC (IPA) is assembling an infill site north of Camelback Road along the west side of 16th Street in central Phoenix that is expected to be redeveloped as several hundred housing units. The 13-acre assemblage is comprised of two properties and […]
Commercial Real Estate & Business News – July 8, 2015
Olen Properties Picks Up Gilbert Apartment Project In $38.3 Million Purchase After sitting on the sidelines for 15 years following its first multi-family purchase in the Valley, Olen Properties Corp. took all of three weeks in between its second and third apartment investments in the Phoenix area. In its most recent deal recorded July 6, […]
Commercial Real Estate & Business News – July 7, 2015
Two Mill Avenue Buildings Noticed for Trustee Sale Two retail buildings located in the heart of downtown Tempe were noticed for trustee sale last Thursday. The properties, which total close to 40,000 square feet, are located at the northwest and southeast corners of 5th Street and Mill Avenue, and house popular tenants such as Gordon […]
Commercial Real Estate & Business News – July 6, 2015
Americans Are on the Move — Again Americans are picking up and moving again as the recession fades, personal finances improve and housing markets recover. Counties in Nevada, Arizona, eastern California and Tennessee also saw some of the nation’s biggest growth in movers last year… Read more » Class B Offers Choice Investments Would you rather have […]
Commercial Real Estate & Business News – July 3, 2015
Apartment Owners Enjoy 5% Effective Rent Growth in 2Q Not only did the sector enjoy 5% annual effective rent growth in the second quarter, which was the highest jump logged in four years, but its 95.2% occupancy has only been seen once since the go-go tech years of 2001…Read more » Retailers Waiting for Lease Expirations to […]
Commercial Real Estate & Business News – July 2, 2015
Appetite for RE Assets is Strongest in Years The California Public Employees’ Retirement System announced plans this week to sell as much as $3 billion of its real estate investment holdings. It was just the latest of several major owners that have recently put up vast portfolios for sale. And Erik Foster, principal and practice […]
