Commercial Real Estate & Business News – January 16, 2014
CoStar CCRSI Index: Property Pricing Posts Steady Gains in November The latest CoStar Commercial Repeat Sale Indices (CCRSI) found that pricing continued on a steady upward trajectory for all types of commercial property in November 2013, boosted by the strong take-up of available space by tenants… Read more Commercial Real Estate Investment Market Poised for […]
Commercial Real Estate & Business News – January 15, 2014
$450M USA Place Breaks Ground in February The capital of Valley infill development is Tempe. Just about any undeveloped parcel is being spec’ed, explored or planned for development. “Tempe is the happening place for urban development,” says Susan Eastridge, CEO of Concord Eastridge. She’s readying a February groundbreaking of USA Place, a $450M unique mixed […]
Commercial Real Estate & Business News – January 14, 2014
Wood Partners to Offer Luxury in Tempe Wood Partners will break ground in early 2014 on Alta Tempe, a 296-unit luxury apartment complex at University Drive and Dorsey Lane near the new Marina Heights, which will be the state’s largest office park when it is completed. Construction of the 270,000-square-foot apartment building, situated on 7.1 […]
Commercial Real Estate & Business News – January 13, 2014
Copper Point Business Park Sells for $12.75 Million ORION Investment Real Estate announced the closing of Copper Point Business Park, a three-building, two-story, Class-A office/retail complex, located in the Gilbert, for $12.75M ($117 per SF) to West Coast Capital Partners…Read more The Valley’s Strip Mall Dilemma A brief tour of downtown and the Valley’s suburbs […]
Commercial Real Estate & Business News – January 9, 2014
Commercial Lenders to Expand Their Appetites Demand for commercial and multifamily mortgage lending is expected to increase in 2014 as lenders grow their appetite for new business, a report from the Mortgage Bankers Association said Wednesday. The report covered a survey of top commercial and multifamily mortgage origination firms… Read more W.P. Carey buys Tempe […]
Commercial Real Estate & Business News – January 8, 2014
Scottsdale Apartments Sell For $53.65 Million…Abacus Returns To Valley Market After being on the inactive list as a buyer of multi-family projects in the Valley for almost six years, the privately-held Abacus Capital Group LLC in New York City, N.Y. (Benjamin Friedman, pres.) has returned to the game with a major splash… Read more Montelucia […]
