Commercial Real Estate & Business News – January 7, 2014

CRE Will Stay On Road to Recovery in 2014

The US real estate recovery is set to continue along the path of recovery this year, with investors increasingly looking beyond some of the traditionally popular markets to secondary markets in search of higher yields, according to Emerging Trends in Real Estate 2014, co-published by PwC and the Urban Land Institute... Read more

Apple Plant, New GCU Campus Big Achievements For Mesa

Of all the words to describe Mesa in 2013, inactive is the furthest one down the list. The city was bustling throughout the year with news that held the nation's attention for months at a time and the announcement of several new projects that should make Mesa an attractive option for businesses in 2014 and beyond... Read more

Canadian Group Invests In $5.2m Office Complex, $40m Total In Valley

Talia Jevan Properties, Inc. acquired the 22,080 SF North Scottsdale Corporate Office Complex located at 6970 E. Chauncey Ln. in Scottsdale for $5.2M. The seller in the transaction was Alliance Real Estate Holdings LLC. Talia Jevan owns two additional assets in the Metro Phoenix market and continues to seek investment opportunities for purchase... Read more

Office-Rental Market Is Getting Stronger

The recovery of the U.S. office market picked up steam during the fourth quarter of 2013, according to new data from real estate research firm Reis Inc. Businesses occupied an additional 8.5 million square feet of office space in the quarter. That was only a 0.25% increase from the third quarter, but Reis said it was the largest gain since the third quarter of 2007... Read more

Fed Chairman Says Economy Poised for Faster Growth

In his final speech as Federal Reserve Chairman Ben S. Bernanke said that the forces that contributed to the recession are abating, which should produce faster growth in the US economy in 2014. "The combination of financial healing, greater balance in the housing market, less fiscal restraint... Read more