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Commercial Real Estate & Business News – September 13, 2016

September 13, 2016 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Institutional Investors Buy SF Rentals, In Spite of High Prices
Despite rising prices, institutional investors continue to buy single-family rentals. The share of single-family homes bought by investors stopped shrinking in 2016, after getting smaller for years....»
CVS Office Center Sells for $40M After $23M Sale in 2015
Irvine, California-based Crown Realty & Development bought a 44th Street office building in Phoenix from Van Trust Real Estate LLC for $40.4 million. The Four Gateway building at 444 N. 44th St., near Van Buren Street, is occupied by CVS and was previously home to State Farm offices....»
Big Land Sales Back: 1,100 Acres in Pinal Sell for $38M
Big sprawling suburban land deals - a hallmark of Arizona's real estate market - could be coming back. Phoenix-based El Dorado Holdings Inc. bought more than 1,100 acres in Pinal County for $38.4 million...»
Which U.S. CRE Sectors Might Be Nearing Oversupply?
Construction during the current real estate cycle has generally stayed below historical trends, but deliveries have increased as the cycle matures, prompting a look at whether markets are becoming overbuilt....»
Security & Aetna Venture Buy Chandler Apartments For $55 Million
Security Properties Inc. in Seattle, Wa. (David Dufenhorst, CEO) and partner Aetna Health and Life Insurance Co. in Hartford, Ct. have teamed up to buy the 432-unit Arches at Hidden Creek apartments in Chandler...»

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Nick Miner, CCIM

Orion Investment Real Estate
7328 E Stetson Drive
Scottdale, AZ 85251

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