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Commercial Real Estate & Business News – July 20, 2016

July 20, 2016 by Nick Miner, CCIM   No comments   Filed Under: Daily News

It’s Not a Housing Bubble, It’s Just Expensive
Home prices have hit record highs in some major U.S. metropolitan areas, and house-flippers are behaving like it’s 2005: It’s no wonder people are chattering about another housing bubble. But residential real estate isn’t in a speculative bubble, industry observers contend. Instead, a low inventory of available homes is driving prices higher…»
What’s Next for the 15-year-Old Phoenix Biomedical Campus
The Phoenix Biomedical Campus has grown to 1.6 million square feet on 28 acres since its inception 15 years ago – and there is even more construction planned for the downtown Phoenix campus. Banner Health, the state’s largest health system, plans to build…»
80s-Era Complex Gets Makeover And New Owner

Built in 1985, Gateway on Gilbert is a 432-unit apartment community located at 1710 S. Gilbert Rd., approximately 20 miles southeast of Downtown Phoenix and at the center of several business corridors. During an ownership period of almost three years, San Francisco-based real estate investment company Hamilton Zanze implemented more than $3 million in capital improvements…»

Multifamily Planned for Camelback Corridor
Dallas-based developer Encore Multi Family submitted a Planned Unit Development zoning request to the City of Phoenix to construct a multifamily project east of State Route 143 between Van Buren and Washington streets. …»
Best and Worst Apartment Markets in 2016

It’s a tough time to pick the strongest apartment markets. That’s because the markets with the strongest demand from renters are also the places where developers are the most eager to build new projects. As a result, the strongest and weakest markets so far in 2016 tend to be places where some kind of surprise has upset developers’ calculations-for better or worse. …»

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Nick Miner, CCIM

ORION Investment Real Estate
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Suite 425
Scottsdale, AZ 85251

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