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Sales of commercial properties in Greater Phoenix were uneven in the second quarter of 2016 with a surge in industrial buildings and shopping centers, while office properties and medical office condos dropped in volume. …»
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In a deal that pushed the company’s Valley holdings to over 3 million sq. ft.,two tenant-in-common entities headed by Cohen Asset Management Inc. in Los Angeles, Calif. (Brad Cohen, principal) paid $48 million ($102.91 per foot) to acquire a 466,418-square-foot industrial facility in Tolleson…» |
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A St. Louis-based private equity firm has hired a commercial real estate executive with a $5 billion portfolio under his belt and is entering the Phoenix market. ElmTree Funds has hired Michael Carreon as vice president of acquisitions. Carreon will head up ElmTree’s new Phoenix office.…» |
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In a sign of how dramatically the retail shopping landscape is changing, Macy’s is closing 100 of its stores nationwide. Macy’s (M) announced the closures Thursday. They represent about 15% of all Macy’s department stores. The iconic retailer did not disclose the locations of stores, but said most of them will be shut down in early 2017.…» |
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The housing recovery that began in 2012 has lifted the overall market but left behind a broad swath of the middle class, threatening to create a generation of permanent renters and sowing economic anxiety and frustration for millions of Americans. …» |
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