Commercial Real Estate & Business News – February 13, 2014
Apartment Tower, Whole Foods Planned for Downtown Tempe in $80-100 Million Project A failed mixed-use project in downtown Tempe that once promised a condominium high-rise and a Whole Foods grocery store is being revived. Greenwood Village, Colo.-based Alberta Development Partners LLC paid $6.1 million for less than 2 vacant acres at the northwest corner of […]
Commercial Real Estate & Business News – February 12, 2014
Colrich Acquires Scottsdale Apartments For $23 Million ($122,340 Per Unit) A company formed by ColRich in San Diego, Calif. (Danny Gabriel, principal) paid $23 million ($122,340 per unit) to purchase the 188-unit Chazal Scottsdale apartments located at 1075 N. Miller Road in Scottsdale. The seller was a pension fund advised by AEW Capital Management L.P. […]
Commercial Real Estate & Business News – February 11, 2014
Out of the Park: With Opening Done, Mesa Leaders Expect Cubs, Riverview Parks to Become Economic, Social Drivers It took nearly four years and millions of dollars – the city had up to $99 million in voter-approved bond funding for the baseball facility alone – for the Riverview Park and Cubs Park projects to come […]
Commercial Real Estate & Business News – February 10, 2014
Market Trend: Phoenix’s Office Deliveries, Construction and Inventory During the fourth quarter 2013, one office building totaling 5,200 square feet were completed in the Phoenix market area. This compares to one building totaling 68,867 square feet that were completed in the third quarter 2013… Read more Las Aguas Redevelopment Set for McDowell Corridor Developers in […]
Commercial Real Estate & Business News – February 5, 2014
MBA Forecasts $300 Billion in 2014 Originations Despite all the uncertainty out there, originations of commercial and multifamily mortgages should be 7% higher in 2014 versus the prior year. The total volume will grow to $300 billion by year’s end, according to the Mortgage Bankers Association… Read more Loop 101-Via Ventura Growing into Family Theme […]
Commercial Real Estate & Business News – February 4, 2014
ARCP and Cole Approve Merger American Realty Capital Properties, Inc. (ARCP) and Cole Real Estate Investments, Inc. announced that each company’s stockholders, at separate special meetings held earlier, have approved the proposals related to the merger of Cole with and into a wholly owned subsidiary of ARCP, pursuant to the definitive merger agreement dated as […]
