While many variables will determine the course of U.S. commercial real estate, here are six potential trends for 2015 based on the current outlook: Increased allocations and capital flows. With most institutions—not to mention high-net-worth investors—still being underallocated to real estate, combined with the strong four- and five-year performance of both NCREIF and NAREIT, we can expect more investment… Read more »
The Arizona Commercial Brokers Association has released its 2014 transaction recap, reporting more than 380 completed industrial sale/lease transactions totaling over 3 million square feet in Phoenix in the past 12 months. Made up of veteran brokers from independent to regional firms, ACBA provides on-the-ground insight about the group’s major client demographic: the mid-market industrial user… Read more »
Sharon Harper’s Plaza Cos. and the real estate arm of USAA insurance have sold a Scottsdale Road medical complex for $28.3 million. New York-based American Realty Capital Healthcare Trust (Nasdaq: HCT) is the buyer for the 104,000-square-foot Paradise Valley Medical Plaza. The Class A complex is near the intersection of Scottsdale and Jackrabbit roads in Paradise Valley. The deal closed late last month… Read more »
It may be time for institutional investors to exit the single-family home rental industry in some markets, according to a recent report from RealtyTrac, a provider of housing data and analysis. Surveying the single-family home sector in December, the firm found that for properties purchased in 2012, investors could realize returns ranging from 38 to 43 percent if they were to sell out in the coming months… Read more »
Sprouts Farmers Market’s third Scottsdale store is slated to open Jan. 21. The Phoenix-based grocer, which sells natural and organic produce and meats, has been on an aggressive expansion plan, which included the opening of more than 20 stores in 2014. The 25,200-square-foot store, at 23269 N. Scottsdale Road, joins more than 190 others in 10 states. It will employ 100 full- and part-time workers. Sprouts, sprouts.com, is based in Phoenix…Read more »
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