Commercial Real Estate & Business News – April 23, 2015
Class A Office Building At Central And Camelback Could Be Converted To Apartments An 11-story Class A office building at Central Avenue and Camelback Road in Phoenix could be developed into apartments. The owner of the 203,100-square-foot building ? One Camelback Inc. ? is talking to Scottsdale-based apartment developer P.B. Bell Cos. about the possible […]
Commercial Real Estate & Business News – April 22, 2015
East Beats West: All New Office Construction Happening In East Valley All of the new office construction in the Phoenix region, and almost all of the leasing activity, is happening in the East Valley, Tempe and Scottsdale, according to new first quarter data. The bulk of that is in Tempe with the big State Farm […]
Commercial Real Estate & Business News – April 21, 2015
Exclusive: Phoenix Class A Office Building Sells For $58m Lincoln Property Co. and Oaktree Capital Management have bought a Class A office building at Camelback Road and 32nd Street in Phoenix. The pair acquired the 259,000-square-foot Biltmore Commerce Center for $58 million. It sits on the northeast corner of the Biltmore area intersection. Denver-based DPC […]
Commercial Real Estate & Business News – April 20, 2015
Phoenix Housing Starts, Home Sales Surge In March Housing starts were up 37 percent in the Phoenix area last month compared to a year ago, and existing home sales surged 29 percent as the real estate market looks for improvements after a slow 2014, according to new industry data. RL Brown Housing Reports monthly real […]
Commercial Real Estate & Business News – April 17, 2015
Retail Reuse: Medtail Emerges as Trend for Neighborhood Shopping Centers The Metropolitan Phoenix retail market continues its recovery, as noted in a recent report from CBRE Phoenix Research. With vacancy under 10 percent for the first time in seven years, demand for space is beginning to reflect that of pre-recession levels. However, while a sense […]
Commercial Real Estate & Business News – April 16, 2015
CRE Prices Continue Advance Across More Markets and Building Types Continuing the broad recovery across all property types and throughout most U.S. markets, commercial real estate prices again moved upward in February, reflecting solid occupier demand as well as widening investor interest in smaller properties outside the largest U.S. metros… Read more » Baby Boomer Investors Exchanging […]
