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Commercial Real Estate & Business News – June 2, 2017

June 2, 2017 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Job Growth in America is ‘Rip-Roaring’
 
The U.S. labor market continues to beat expectations. In May, the U.S. private sector added 253,000 jobs, according to data from the ADP Research Institute. Economists had expected private payrolls to rise by 180,000 during the month…»
Phoenix & Canada: An Underrated North American Business Partnership
 
From the beginning of its urbanization process about a half century ago, Phoenix became a hub for Canadians, specifically the Canadian business elite, who view the metro area as a warm second home. Over the period, Canadians have become a massive subset within the local culture and economy, and having this critical mass travel back and forth has nurtured an active trade route, and a unique niche within America’s complex economy…»
How to Capitalize on Hot Phoenix Apartment Market

The apartment market in Downtown Phoenix is hot, really hot, and members of the Arizona Multihousing Association (AMA) are cautiously optimistic that the market will remain one of the hottest in the country for at least a couple more years. In a standing room only crowd of over 60 people, AMA hosted its second-ever Quarterly Apartment Market Presentation, which was created to be an educational resource with news and information for AMA members to improve their business, the industry, community and state…»

Bridge Investment Group Spends $77.05 Million for 659 Apartments in Tempe

Two tenant-in-common entities led by Bridge Investment Group LLC in Murray, Utah (Robert Morse, chairman) paid $77.05 million ($116,920 per unit) to acquire the 659-unit Onnix apartments at 1500 E. Broadway Road in Tempe. The sellers were joint venture entities formed by Angelo, Gordon & Co. and Interwest Capital Corp…»

iStar Nears Sell-Out of $40 Million in Real Estate at Final Phase of Sage in Downtown Scottsdale

iStar announced today the final collection of homes at Sage, a luxury condominium community located along the Scottsdale waterfront, is nearing sell-out with just two homes remaining before closing out the final phase that totals nearly $40 million in real estate sold…»

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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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