Commercial Real Estate & Business News – March 11, 2014
Developer Proposes New Additions To Scottsdale Quarter Glimcher Realty Trust has submitted plans for the next phase of Scottsdale Quarter. The proposed building, at Butherus Drive and 73rd Street,would have 30,000 square feet of retail, topped by office space. The building would be six stories tall with an integrated garage. The site is 2.7 acres […]
Commercial Real Estate & Business News – March 10, 2014
Limited Availability Driving Development The Rockefeller Group announces that it is building an 82,000- square-foot flex/office building on 8.2 acres within the campus. The building is anticipated to be completed in mid-2014 and is the company’s second spec building to be constructed in Chandler Corporate Center. Chandler Corporate Center is a master-planned business park at […]
Commercial Real Estate & Business News – March 7, 2014
Labor Shortages, Materials Costs Plague Apartment Builders The uneven economic recovery is having an uneven effect on the price of construction. Overall, the cost of construction for apartment properties continues to rise faster than inflation, at a rate of about 2 percent to 6 percent a year, according to developers. That roughly matches the analysis […]
Commercial Real Estate & Business News – March 6, 2014
Carval Investors Acquires Pima Center Office Buildings For $50 Million A venture between CarVal Investors in Hopkins, Minn. (John Brice, CEO) and MainspringCapital Group in Scottsdale paid $50 million ($183.97 per foot) to buy roughly 272,000 sq. ft. of office space within the Pima Center mixed-use business park on the Salt River Pima-Maricopa Indian Community. […]
Commercial Real Estate & Business News – March 5, 2014
RadioShack Axes 1,100 Stores; Others May Follow Following double-digit quarterly sales declines in the fourth quarter and mounting losses year over year, Radio Shack Corp. said Tuesday it would close as many as 1,100 RadioShack stores, about 20% of its total, with the possibility of more closings in the future. CEO Joseph Magnacca says that […]
Commercial Real Estate & Business News – March 4, 2014
Freddie Mac Releases Annual Multifamily Outlook While multifamily growth will continue rolling forward, 2014 may tap the brakes a bit. Freddie Mac released its 2014 Multifamily Economic Outlook on Friday noting that rent growth and vacancy will remain positive but should slow down compared to 2013. The report states the overall health of the economy […]
