Commercial Real Estate & Business News – November 14, 2013
New Wave of Retail Tenants Filling Power Centers During the recession, hundreds of retail power center tenants went dark, putting millions of square feet of vacant space back on the market. Store chains like Circuit City, Borders and Mervyns went bankrupt, while others such as Best Buy and Linens N Things, sharply reduced their number […]
Commercial Real Estate & Business News – November 13, 2013
US Airways, American Merger Deal Maintains Phoenix, Other Hubs for 3 Years Tempe-based US Airways (NYSE: LCC) and Fort Worth-based American Airlines (OTC: AAMRQ) reached a settlement with the U.S. Department of Justice today that would maintain the Phoenix hub for three years, service to four Arizona cities for five years and allow the $11 […]
Commercial Real Estate & Business News – November 12, 2013
Commercial Market Recovery Remains Uneven After several years of slow-moving growth the commercial real estate market is in a recovery mode as transaction volume increased 27 percent over a year ago and prices display solid gains, said National Association of Realtors Chief Economist Lawrence Yun during a commercial real estate forum at… Read more Smaller […]
Commercial Real Estate & Business News – November 8, 2013
Medical Office Development Ramping Up Ahead of Changes Under Affordable Care Act Developers are finally ready to move forward on numerous medical office building (MOB) development projects as the new era of retail medicine begins under the new Affordable Care Act, despite early problems that have temporarily put the Obamacare registration web site out of […]
Commercial Real Estate & Business News – November 7, 2013
Banks Take Advantage of Improved CRE Conditions to Clear Out Biggest REO Properties Proving the old adage of making hay while the sun shines, U.S. banks have wasted no time in selling off their REO properties as the economic recovery continues to gain strength. The volume of foreclosed property sales by the nations’ banks and […]
Commercial Real Estate & Business News – November 6, 2013
First Solar Facility in Mesa Sold to Apple Affiliate for $113m+ First Solar has sold its Mesa manufacturing facility to an entity reportedly formed by Apple for $113,576,875 or $84.66 per ft2. The property is located at 3740 S. Signal Butte Road on the southwest corner of Signal Butte & Elliot Roads in Mesa. The […]
