Commercial Real Estate & Business News – December 20, 2013
Economic Development Groups Are Bullish on Arizona They are our sales representatives, those intrepid souls knocking on doors in California, China, Germany and New York. They are the smiling faces standing behind CEOs, mayors and the governor when a new business arrival is announced. They are the economic development organizations of Arizona. It’s an alphabet […]
Commercial Real Estate & Business News – December 19, 2013
Desert Troon Re-Purchases North Scottsdale Trophy Asset Desert Troon Companies is once again the owner of the Perimeter Gateway I office building complex. Troon had owned the North Scottsdale trophy asset until November 23rd, 2011 when the special servicer for the $44m CMBS note encumbering the property foreclosed. The subsequent bank sale was for $26m […]
Commercial Real Estate & Business News – December 18, 2013
Commercial Real Estate Recovery to Accelerate in 2014 es Lang LaSalle’s research experts have polished off the firm’s crystal ball and it reveals a clear path to stronger performance expectations for commercial real estate in 2014. The firm’s top researchers believe the “global real estate disconnect” between buoyant investment markets and more cautious leasing markets […]
Commercial Real Estate & Business News – December 17, 2013
RealShare Panel Touts Phoenix as Place to Be A panel of real estate professionals met Thursday to discuss multifamily housing as a market indicator as part of the RealShare Phoenix Metro 2013 conference at The Phoenician Resort. The panel was moderated by Daniel Palmier, president and CEO of UC Funding, LLC… Read more Morrison Ranch, […]
Commercial Real Estate & Business News – December 16, 2013
L.A.-Based Investor Adds 286 Apartments To Valley Portfolio Phoenix – A company formed by BB.H. Properties in Los Angeles paid $9.6 million ($33,566 per unit) to buy the 286-unit Madera Court apartments at 8135 N. 35th Avenue in Phoenix. The sellers were entities formed by Fannie Mae in Washington, D.C. and The Related Cos… Read […]
Commercial Real Estate & Business News – December 13, 2013
US Commercial Real Estate Investment Up Investors continue to push borrowed money into U.S. commercial real estate (CRE), making for a positive outlook for capital markets in 2014. Experts say credit performance is improving and lending restrictions are likely to loosen, which means investors will likely not waver in their borrowing habits despite the prospect […]
