Commercial Real Estate & Business News – July 11, 2013
Phoenix And Tucson Lead National Economic Growth In Brookings Institute Survey Phoenix and Tucson rank very high in a new national forecast for economic growth. The Brookings Institute report said Phoenix took first place and Tucson second for job creation among the top 100 cities during the first quarter of 2013. Phoenix lost 100,000 […]
Commercial Real Estate & Business News – July 10, 2013
Report: Valley-Vegas Interstate Vital for Commerce A major interstate highway must be built between Phoenix and Las Vegas to keep up with the region’s rapid population growth and to facilitate global trade, says a report released jointly Friday by transportation officials in Arizona and Nevada. The 105-page report offered justification for constructing an Interstate 11, […]
Commercial Real Estate & Business News – July 9, 2013
L.A.-Based Investor Pays $34.5 Million for Industrial Building and 100 Acres in Goodyear A company formed by Cohen Asset Management Inc. in Los Angeles, Calif. (Brad Cohen, principal) paid $34.5 million to purchase a 150-acre property in Goodyear that once served as a manufacturing and distribution facility for Rubbermaid Inc. of Freeport, Ill. The acquisition […]
Commercial Real Estate & Business News – July 8, 2013
TopGolf Indoor/Outdoor Entertainment Center to Open Near Talking Stick TopGolf, an operator of indoor/outdoor golf entertainment centers, will break ground later this month on its first Arizona location in the Salt River Pima-Maricopa Indian Community near Scottsdale. The Dallas-based company will begin construction July 19 just across the street from Talking Stick Resort. TopGolf?s 60,000-square-foot […]
Commercial Real Estate & Business News – July 5, 2013
West Phoenix Distribution Center Sells for $28 Million Remember the massive speculative distribution center in west Phoenix that USAA Real Estate Company and Seefried Industrial Properties Inc. set out to build last fall within a matter of months? It’s nearly done now, but before any leases could be signed and final tenant improvements made, the […]
Commercial Real Estate & Business News – July 3, 2013
Florida Investor Entering Valley Apartments Market…$61.525 Million for 626 Units In a $61.525 million deal ($98,283 per unit) scheduled for completion, Priderock Capital Partners LLC in West Palm Beach, Fla. was expected to acquire 626 apartment units in Scottsdale. The investment will be the first in the Valley for Priderock Capital, which has acquired, developed […]