Commercial Real Estate & Business News – November 18, 2015

CoStar Group: Investors Still in Love with U.S. Commercial Real Estate

Falling unemployment and low interest rates meant good news for the owners of commercial real estate properties in the third quarter of 2015, according to the latest numbers from CoStar Group. In its latest report, CoStar reported that these two factors played a key role in boosting the value of commercial real estate properties in the third quarter. But a more interesting factor helped, too: Uncertainty across the globe... Read more »

Urbanization, Renting and Demand: Top 5 Real Estate Trends in Arizona that you Need to Know Now

With the housing crisis fading in the distance behind us and the move into city centers’ taking hold, the Valley’s housing market is recovering just the way we want it to, according to Rebecca Grossman, President of the Scottsdale Realtor’s Association (SAAR)... Read more »

Survey: Realtors Feel Phoenix Real Estate Market Moving Up

The Phoenix real estate market is on solid ground, an Arizona State University survey of commercial brokers said. Every participant in the Commercial Real Estate Broker Forum at ASU’s W.P. Carey School of Business believes the real estate market in Phoenix is moving up.“ Ninety percent of the respondents say that we are in an expansion mode,” Mark Stapp, director of the Master of Real Estate Development Program at the W.P. Carey School, said. “That’s up from 58 percent six months ago, so I think that’s very good. When asked in what direction Phoenix is moving, 100 percent of them said ‘upward’”... Read more »

Tiny Living: 20-Story Micro-Housing Tower Proposed for Downtown Phoenix

A micro-housing apartment tower is being proposed in downtown Phoenix. Transwestern Commercial Real Estate is looking at developing approximately 210 residential units averaging 400 square feet near McKinley and Second streets in downtown Phoenix... Read more »

Artists Lofts Planned in Downtown Mesa

A $14 million live-work artists lofts development is in the works for downtown Mesa. The 50-unit downtown project will also be the first in Arizona from Minneapolis-based Artspace Projects Inc. The group develops lofts and other space for artists and has projects in Chicago, Dearborn, Michigan and other cities... Read more »

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