Commercial Real Estate & Business News – March 18, 2015
Uptown Plaza Strips Back to its Midcentury Modern Past There are lots of conversations these days about how to preserve, enhance and contribute to an authentic sense of place in our urban core. And while not all projects are as successful as some would like, increasingly we’re seeing innovative, adaptive reuse renovations along the Central […]
Commercial Real Estate & Business News – March 17, 2015
Mayor Makes Case for Light Rail Expansion For Phoenix Mayor Greg Stanton, a proposed $17.5B sales tax measure to extend Valley Metro light rail to South Mountain, the Arizona Capitol, Metrocenter, Grand Canyon University and Arizona State University?s West campus isn?t about some kind of lasting legacy of his tenure at City Hall…. Read more » Phoenix […]
Commercial Real Estate & Business News – March 16, 2015
U.S. Household Net Worth Posts Biggest Gain in a Year Rising stock prices and home values pushed the net worth of U.S. households higher in the fourth quarter, a reassuring sign for the outlook for consumer spending. The increase added $1.52 trillion to the total wealth of American families, putting it at $82.91 trillion, a […]
Commercial Real Estate & Business News – March 13, 2015
Apartment Industry Contributes $9.9B to Phoenix Economy The apartment industry emerged as one of the strongest sectors coming out of the Great Recession, and a new study shows just how much the Phoenix economy benefited from the rental boom. In 2013 – the latest numbers available – apartment construction, operations and resident spending contributed $9.9 […]
Commercial Real Estate & Business News – March 12, 2015
Lincoln Property Inks Deal for Papago Office Project Lincoln Property Co. has inked a deal on Salt River Project land with Papago Park Center for the next phase of a 3.2 million-square-foot mixed-use development in Tempe. LPC is developing the last available 60 developable acres of the 350 acre project… Read more » Crow Holdings Pays $74.3 […]
Commercial Real Estate & Business News – March 11, 2015
Macerich, Simon Deal Could Give Landlords Leverage Over Retailers If Simon Property Group’s proposed acquisition of Macerich Co. goes through, some think it might hurt retailers. “I don’t think the average person will see any impact from this. I think the real impact is probably to merchants,” said Mark Stapp, a professor of Real Estate […]
