Commercial Real Estate & Business News – November 17, 2015

It’s time to put an end to the urban legend of the impending death of America’s suburbs. With the aging of the millennial generation, and growing interest from minorities and immigrants, these communities are getting a fresh infusion of residents looking for child-friendly, affordable, lower-density living... Read more »
Why are sale-leasebacks and build-to-suit deals so popular? According to Andrew White, CCIM, managing director of the western region at Gladstone Commercial REIT, and a moderator at the recent RealShare Net Lease West conference here, the answer is because “Cap rate spread to treasury is still high”... Read more »
A San Diego real estate firm could soon buy the Arizona Center office and retail development in downtown Phoenix. Parallel Capital Partners is in line to buy the well-known development at Van Buren and Third streets...Read more »
The 288-unit Mountainside Apartments, located at 3625 E Ray Road in Phoenix, sold Friday for $41.25 million or $143,229 per unit. Sale documents indicate debt with the purchase, yet no debt documents were recorded. The new owners of the property are two independent investors - one local, and one from California - who each own fifty percent interest... Read more »
Roosevelt Row developer Matt Seaman has another infill development in the works near downtown Phoenix. Seaman’s Metrowest Development and two San Diego partners are planning a new 100-unit residential development on vacant city land near McKinley Street and Second and Third Avenue... Read more »

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