Commercial Real Estate & Business News – June 4, 2015

Commercial real estate executives are feeling much more confident about the market this year with nearly 60 percent saying they are more optimistic than last year, according to the sixth annual Akerman U.S. Real Estate Industry Outlook Survey released today. The report found CRE professionals surveyed this year had the most positive assessment of the U.S. economy than they have had in years... Read more »
Commercial property was in the eye of the hurricane during the global financial crisis, but investors today regard that as a distant memory. According to Real Capital Analytics, global investment in office buildings reached US$315 billion in 2014, up 15.5 percent on the previous year. This is nearly treble the 2009 figure, during the darkest hours for commercial property. On a regional level, the rise in sales was strongest in Europe (up 21 percent year-on-year), demonstrating a move towards a higher risk profile on the part of buyers... Read more »
Ownership of the Scottsdale Quarter has been split as part of a joint venture announced Tuesday between Ohio-based real estate investment trust WP Glimcher and New York-based real estate management firm O'Connor Capital Partners. The deal also includes four other shopping centers across the country... Read more »
A company formed by Menlo Equities LLC paid $16.75 million ($165.83 per foot) to acquire a 101,006-square-foot office building within the Thistle Landing business park located near 48th Street and Ray Road in Phoenix. The seller was a venture formed by Walton Street Capital LLC and Everest Holdings... Read more »
Scottsdale-based franchising company, Kahala Brands, acquired two new brands Tuesday: Planet Smoothie, a frozen smoothie concept, and Tasti D-Lite, a frozen yogurt chain with an international presence... Read more »

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