Commercial Real Estate & Business News – June 25, 2013
Arizona Economy Improving, Strong Growth Expected in 2014-15 Arizona’s recession-tattered economy, real estate and job markets are all recovering – albeit at a slow pace. That is according to a prognosis by the University of Arizona’s Economic and Business Research Center. “The Arizona economy continues to grow and improve in early 2013, but… Read […]
Commercial Real Estate & Business News – June 24, 2013
Commercial Real Estate ‘Fundamentally Different’ Now: REIT CEO Marc Nemer, the CEO of Cole Real Estate Investments, one of the largest publicly traded REITs, said that a recovery is under way with fundamentals noticeably improving in the market. “It’s fundamentally different out there,” Nemer told “Squawk on the Street” Friday, when asked how the […]
Commercial Real Estate & Business News – June 21, 2013
Wasatch Ends Hold on 196-Unit Painted Trails Less than four years after acquiring the 196-unit Painted Trails Apartments, Wasatch Property Management sold the class A multifamily property to RK Properties for $27.5 million. The Logan, UT-based seller had acquired the complex at 4255 E. Pecos Rd. for $16.6 million from Fairfield Residential in December, 2009 […]
Commercial Real Estate & Business News – June 20, 2013
Possible Rebirth Of Mountain Shadows Resort In Paradise Valley Nears After nearly a decade of blighted property and stalled revenue streams regarding the Mountain Shadows resort, developers are closer than ever to resurrecting the property in Paradise Valley. And if they complete the project, business experts say the town and the Northeast Valley stand to […]
Commercial Real Estate & Business News – June 19, 2013
Appreciation Shifts from Cap Rate Compression to Real Growth CoStar’s Property and Portfolio Research (PPR) division is forecasting that the wave of cap rate compression that has in some cases accounted for an astronomical 90% of the gain in core real estate value since the last recession is likely to slow; after all, trees do […]
Commercial Real Estate & Business News – June 18, 2013
Weidner Buys 192 Units in Extraordinarily Quick Turnaround In what could be described as a very quick turnaround, Weidner Apartment Homes acquired the 192-unit Dunlap Square Apartments from a Sacramento, CA seller for $8.8 million. The entire process from contract to close took one week. In an interview with GlobeSt.com, ORION Investment Real Estate […]