Commercial Real Estate & Business News – March 24, 2017

 
President Trump would like to stimulate the economy through deficit spending and deregulation. The market has responded by selling off bonds and buying bank stocks. How will this impact the real estate market?...»

Maricopa County became the county with the highest annual population growth in the nation in a report released from the U.S. Census Bureau on Thursday. The Census Bureau reported Maricopa County received 222 people a day in 2016. From July 2015 to July 2016, the county added more than 81,000 people...»

Capital Real Estate has been one of the hottest multi-family investors in the Valley and the privately-held firm shows no sign of cooling off anytime soon. In the past three weeks, the company has acquired three multi-family properties, bringing its holdings to 2,618 apartments in 12 Valley projects. In two separate purchases this week, Capital Real Estate entities paid a combined $41.35 million to acquire 349 apartments in projects in Phoenix and Tempe. The company paid $25 million to buy the 180-unit Mandarina apartments at 5402 E. Washington Street in Phoenix...»

 
TGen will purchase the namesake research tower Phoenix built for the organization more than a decade ago, after a deal between the city and another buyer fell through last year. The Phoenix City Council on Wednesdayunanimously approved selling the downtown building to the Translational Genomics Research Institute, or TGen, with no discussion. The city constructed the $52 million, six-story building in 2004 to anchor the downtown Phoenix Biomedical Campus, according to Phoenix Community and Economic Development Director Christine Mackay...»
 
Proposed legislation that would provide $225 million in public funds for a new arena for the Arizona Coyotes looks to be just about dead, according to a report from The Arizona Republic...»

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