Commercial Real Estate & Business News – April 23, 2015

Class A Office Building At Central And Camelback Could Be Converted To Apartments

An 11-story Class A office building at Central Avenue and Camelback Road in Phoenix could be developed into apartments. The owner of the 203,100-square-foot building — One Camelback Inc. — is talking to Scottsdale-based apartment developer P.B. Bell Cos. about the possible conversion, said Paul Berkowitz, an attorney with the Greenberg Traurig PA in Miami who represents the owners of the building... Read more »

Historic Mesa Golf Course Razed For Homes

For more than five decades, the Dreamland Villa Golf Course provided nine holes of wide-open, grassy paradise amid the sprawling retirement communities of east Mesa. The historic executive course with its ponds, forgiving fairways and pitched-roof clubhouse is gone now, with the 30-acre site slated for a redevelopment project that will build more than 200 new homes... Read more »

Investors Turn to Big Real-Estate Funds

Investors are pouring more money into real-estate funds than they have since the property bust, but a few giant fund firms are collecting the lion’s share of the spoils. Pension funds, endowments and other big institutional investors are putting more cash into private-equity firms with large real-estate funds and strong track records, leaving smaller firms to fight over the scraps... Read more »

The Rise Of Singles Will Change How We Live In Cities

Over the last half-century in America, it's become acceptable, then increasingly common, then entirely unremarkable, to live alone. Women who once lived with their families until their wedding day now live alone. Men delaying marriage later into their 20s live alone. Divorcés, more common today than in 1950, live alone. And seniors who live longer now than ever before — and who are less likely to spend those years in a retirement home — increasingly live alone, too... Read more »

Half of US Property Investors Increase Commercial Acquisitions in 2015

Based on CBRE's newly published North America Investor Intentions Survey 2015, half of all real estate investors in North America intend to increase their property acquisitions in 2015, with San Francisco the number one target for the second year in a row... Read more »

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