Commercial Real Estate & Business News – April 4, 2014
Store Rents Rise as Construction Slows Owners of shopping centers and malls raised rents for the 12th consecutive quarter, a sign that retail landlords are getting a boost from the slowly improving economy and low level of commercial real-estate construction. Asking rents at strip centers rose 0.4% in the first quarter from 2013’s fourth quarter, […]
Commercial Real Estate & Business News – April 3, 2014
213-Unit Apartment Campus Breaks Ground Peak Campus Development announces that it has started construction on a 213 unit/600 bed apartment community in Tempe adjacent to Arizona State University’s main campus. The project is slated to open in August 2015… Read more ASU Real Estate Report: Home-Buyer Demand “Subdued,” but Rental Demand Very Strong The home-buying […]
Commercial Real Estate & Business News – April 2, 2014
Deco Communities Venture Developing Luxury Residential Tower In Scottsdale A venture formed by Deco Communities LLC in Scottsdale (Rob Lyles, Patricia Watts, Dan Richards, principals) plans to develop a 8-story residential tower in Old Town Scottsdale that will have 90 for sale condominium units. The planned project, called Envy, is being developed in a joint […]
Commercial Real Estate & Business News – April 1, 2014
Phoenix Residential Foreclosure Inventory Plummets Foreclosure inventory throughout metro Phoenix plunged by roughly 56 percent year-over-year in January, according to a new report by CoreLogic. The 0.59 percent foreclosure rate – meaning the percentage of mortgaged homes in some stage of the foreclosure process – was also substantially lower than the 1.97 percent national average […]
Commercial Real Estate & Business News – March 31, 2014
W.P. Carey Spends $43.1 Million For Chandler Building Leased To QBE Insurance W.P. Carey Inc. in New York City, N.Y. (NYSE:WPC) has expanded its holdings in the Valley by spending $43.1 million ($235.52 per foot) to acquire a 183,000-square-foot office property at 2700 W. Frye Road in Chandler. The seller was HR Frye LLC, a […]
Commercial Real Estate & Business News – March 28, 2014
Target’s Closure Likely Ends Major Retail At Chandler Mall Visitors once could get their hair styled, pick up paintball accessories, buy furniture or even get a new friend at a store that sold exotic birds at East Valley Mall. At the heart of it all, driving traffic to the strip center on the northwestern corner […]
