Commercial Real Estate & Business News – November 12, 2014
National Commercial Real Estate Market Finally In Recovery Mode The national commercial real estate industry follows the state of the overall economy, with a normal lag of about two years. But this economic cycle of a sluggish economic recovery has been different and the nation’s commercial real estate market is lagging about four to five […]
Commercial Real Estate & Business News – November 11, 2014
Renters to Expect LEED Certification Alliance’s 264-unit Scottsdale-area development, Broadstone Lincoln, located at 7100 E. Lincoln Dr., was recently awarded LEED-H Platinum Certification. This marks Alliance’s second development nationwide to achieve this level of certification. And this certification could mark a new standard for a demographic of renters nationwide…Read more » Scottsdale Shopping Venue To Become The […]
Commercial Real Estate & Business News – November 10, 2014
Market Trend: Phoenix Office Deliveries, Construction and Inventory During the third quarter 2014, seven office buildings totaling 609,462 square feet were completed in the Phoenix market area. This compares to one building totaling 100,622 square feet that were completed in the second quarter 2014. There were 2,404,819 square feet of office space under construction at […]
Commercial Real Estate & Business News – November 7, 2014
Greenfield Partners Spends $41.21 Million For RREEF Portfolio Companies formed by Greenfield Partners in Westport, Conn. (Eugene Gorab, principal) paid $41.21 million ($71.62 per foot blended) to purchase 575,430 sq. ft. of office and industrial buildings in Phoenix and Tempe. The seller in five separate sales was RREEF America REIT II Portfolio L.P., which is […]
Commercial Real Estate & Business News – November 6, 2014
CRE Remains Bright Spot In Flat September for U.S. Construction Spending on office, hotel, retail and other commercial real estate projects provided a strong lift during an otherwise flat September for U.S. construction spending, according to the latest government figures. Overall nonresidential construction spending slipped a seasonally adjusted 1% to a preliminary $596 billion in […]
Commercial Real Estate & Business News – November 5, 2014
Chandler Eyesore (Finally) Set for Demolition Demolition contractor BCS Enterprises of Gilbert has won the contract to tear down the abandoned structure northwest of the intersection of Loops 202 and 101 in Chandler to make way for the mixed-use project Chandler Viridian. The eyesore, previously known as Elevation Chandler contains a skeleton of concrete and […]
