Commercial Real Estate & Business News – August 22, 2014
Crow Holdings Buying Tempe Apartments in $47+ Million Deal Crow Holdings is expected to pay just over $47 million ($115,319 per unit) to acquire the 408-unit Grigio Metro apartments at 1811 E. Apache Boulevard in Tempe. The seller is a company formed by Gray Development Group and Canyon Johnson Urban Funds… Read more » Alter Group Books $16m […]
Commercial Real Estate & Business News – August 21, 2014
Supply Surge: Multifamily Permits Jump 23.6% in July When multifamily permits surged to 436,000 units in April, some observers naturally began to express caution. Then June?s 309,000-unit figure represented a 10-month low. And now, with permits barreling past 380,000 units, the concerns have grown even louder. In fact, in noting the 23.6 percent increase from […]
Commercial Real Estate & Business News – August 20, 2014
Lenders Look for Opportunities Beyond Multifamily Projects The construction boom is spreading to office buildings, industrial projects and even residential condominium projects as top lenders look to add more variety to their balance sheets… Read more » Beverly Hills Billionaires Buy 1,100 Arizona Apartments for $34.7M The real estate arm of the billionaire Nazarian family has bought […]
Commercial Real Estate & Business News – August 19, 2014
Downtown Phoenix to Add 3 New High Rises Phoenix can expect more high-rise buildings as developers have at least three new projects in the works for downtown. Downtown officials say there?s another planned high-rise on the northwestern corner of Central Avenue and Van Buren Street. However, Phoenix Planning and Development officials said they have not […]
Commercial Real Estate & Business News – August 18, 2014
The West’s Most Developable Town Valley Partnership has announced the topic for its upcoming monthly breakfast on Friday, Aug. 22. This month?s program will feature an update on current real estate conditions in Scottsdale, Ariz. Panelists will discuss what?s been happening in ?The West?s Most ?Western? Town? as well as future opportunities for the commercial […]
Commercial Real Estate & Business News – August 15, 2014
$30 Million Apartment Community Planned Along Apache Boulevard In Tempe A company formed by Avenue North LLC in Mesa (Ryan Hartman, principal) plans to develop a 204-unit apartment project south of Arizona State University in Tempe. The multi-family rental community is targeted for a 5.2-acre site located along the south side of Apache Boulevard and […]
