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Commercial Real Estate & Business News – July 11, 2013

July 11, 2013 by Nick Miner, CCIM   No comments   Filed Under: Daily News

 

Phoenix And Tucson Lead National Economic Growth In Brookings Institute Survey
Phoenix and Tucson rank very high in a new national forecast for economic growth. The Brookings Institute report said Phoenix took first place and Tucson second for job creation among the top 100 cities during the first quarter of 2013. Phoenix lost 100,000 construction jobs during the recession, according to Arizona State University economist Lee McPheeters, but he said it is making the strongest comeback of all sectors in the local economy… Read more
Interest Rate Volatility Causes Uncertainty in Net Lease Market
Cap rates for single tenant properties remained near historic lows for retail, office and industrial sectors in the second quarter of 2013 due to the continued high demand for this asset class… Read more
Yield-Seeking Investors Switch Gears from Owning Property to Owning Mezz Debt
As more lenders join in, and more borrowers look for greater loan leverage, competition for mezzanine capital pieces in investment deals has increased dramatically since 2011, especially in the nation’s gateway markets…Read more
Orangetheory Fitness Expanding Across Phoenix Area
Florida-based Orangetheory Fitness will further expand in the Phoenix market with the opening of three new centers this fall, including its first West Valley location… Read more
Loop 202 Extension Won’t Go on Tribal Land
A last-ditch effort to gain approval from the Gila River Indian Community (GRIC) for the South Mountain Loop 202 Freeway to go on tribal land instead of down Pecos Road has failed… Read more

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Nick Miner, CCIM

ORION Investment Real Estate
7150 E. Camelback Road
Suite 425
Scottsdale, AZ 85251

480-226-8037
nick@nickminer.com

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