Commercial Real Estate & Business News – March 2, 2015
Apollo Headquarters Sells for $183M The Apollo Group Headquarters campus is 100% leased to Apollo Group, Inc., one of the nations largest providers of higher education programs for working adults. It is comprised of three office buildings, one 10-story building at 267,962 square feet and two six-story buildings each comprised of 165,851 square feet, and […]
Commercial Real Estate & Business News – February 27, 2015
Arizona Forecast To Generate Nearly 120,000 Jobs In Next Two Years Arizona is expected to add around 120,000 jobs in 2015 and 2016, according to a new forecast from the Arizona Department of Administration. Tourism growth is expected to lead that job growth, according to the 2016 Employment Forecast from the ADOA, with 56,600 expected […]
Commercial Real Estate & Business News – February 26, 2015
Northern Trust Bringing Regional Operations, 1,000 Jobs To Tempe Chicago-based international bank Northern Trust, is building a 450,000-square-foot three-building regional operations center in Tempe. The Tempe City Council is getting ready to consider a package deal from Northern Trust that brings 1,000 jobs paying an average of $82,000 to the city’s Discovery Business Campus at […]
Commercial Real Estate & Business News – February 25, 2015
Leverage on CMBS Multifamily Loans Gets Higher CMBS lenders now offer higher and higher levels of leverage to make deals?especially as prices for apartment properties rise compared to rents. These high-leverage loans worry market watchers like the bond-rating agencies. These ratings agencies are raising their credit enhancement levels. Bond buyers are getting pickier what loans […]
Commercial Real Estate & Business News – February 24, 2015
Phoenix Rents Rise 5.6 Percent In Year, Top U.S. Average Phoenix-area apartments and rental homes remain affordable compared to those in other big U.S. cities, but rate increases here are starting to rise faster than the national average. Median rents in the Phoenix metro area climbed 5.6 percent over the 12 months through January, according […]
Commercial Real Estate & Business News – February 23, 2015
Microsoft Could Land Big Data Center In Phoenix Microsoft Corp. could locate a large new data center in Phoenix. A commercial real estate official said the Microsoft data center could be landing at Union Hills Drive near Interstate 17. The project could total as much as 575,000 square feet and the transaction may be completed […]
