Commercial Real Estate & Business News – June 19, 2015
Adaptive Reuse Development In Phoenix Sells For $36m An adaptive reuse project near Paradise Valley Mall has sold for $36 million. The Cactus Forty-2 apartments were sold by a joint venture operated by Southwest Next Capital Management’s Joe Meyer and Cachet Homes’ Matt Cody to a Texas buyer, Olympus Property. The 200-unit complex sold for […]
Commercial Real Estate & Business News – June 18, 2015
With Takeover of Target’s Pharmacies, CVS Gains 5 Years of Growth in One Deal CVS Health Corp. reached a deal this week to acquire Target Corp.’s pharmacy and clinic businesses for $1.89 billion. Through this agreement, Rhode Island-based CVS will acquire Target’s more than 1,660 pharmacies across 47 states and operate them under a store-within-a-store […]
Commercial Real Estate & Business News – June 17, 2015
Multifamily Developers Counting on Demand Through 2017 Developers planning new apartment buildings today won’t finish for two years or more in many parts of the country—hundreds of thousands of apartments now under construction have already softened the national multifamily markets. But many developers are now planning new projects anyway. “It’s kind of late in the […]
Commercial Real Estate & Business News – June 16, 2015
California Group Buys West Valley Center From Vestar For $40m A California group with ties to Taiwan has bought a West Valley shopping center from Phoenix-based Vestar for $40 million. Watson Property LLC acquired the Sundance Towne Center from a real estate subsidiary of Vestar. The 600,000-square-foot property is located in Buckeye at Watson Road […]
Commercial Real Estate & Business News – June 13, 2015
Canadian Investors Love U.S. Office Assets, but Decline Expected in Late 2015 A surge in Asian investment in the U.S. office sector in the first quarter overshadowed the one country responsible for one quarter of all cross-border acquisitions in the U.S.: Canada. While total investment in U.S. commercial real estate by Asian countries totaled $7 […]
Commercial Real Estate & Business News – June 12, 2015
New Restaurant, Retail Spaces Being Built Next to Planned OdySea Aquarium Near Scottsdale A new 75,000-square-foot restaurant and retail center is under construction on the Salt River Pima Maricopa Indian Community next to the new OdySea Aquarium and Butterfly Wonderland attractions off the Loop 101 freeway… Read more » Skysong Apartments Command Hefty Price…325 Units Sell For […]
