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Commercial Real Estate & Business News – June 21, 2017

June 21, 2017 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Canadian Firm Enters Market with $41.81 Million Deal for 194 Apartments in Tempe
Tempe – Brass Enterprises Inc. in Toronto, Ontario, Canada (Ephry Merkur, pres.) has entered the Valley multi-family market with the $41.81 million ($215,515 per unit) acquisition of the 194-unit Aura on Broadway apartments at 1221 E. Broadway Road in Tempe…»
Fed’s Fischer Says House Prices ‘High and Rising’ Amid Low Rates
Federal Reserve Vice Chairman Stanley Fischer said a long period of low interest rates may have contributed to “high and rising” home prices in several countries, cautioning against forgetting the lessons of the 2007-09 housing crisis. “There is more to be done, and much improvement to be preserved and built on,” Fischer said, speaking at an event in Amsterdam on Tuesday that was closed to the press…»
Deal Volume Slips To 3-Year Low
IRVINE, CA-Commercial real estate investment activity reached a three-year quarterly low in the year’s first three months, falling below $100 billion for the first time since early 2014, Ten-X said Monday. The firm’s latest Commercial Real Estate Capital Trends report shows that at $90.9 billion, quarterly volume in the first quarter was 43% lower than its late-2015 peak, and 18% lower than the year-ago period…»
Alamo Drafthouse Is Coming to Tempe
Attending one of the fun and festive movie parties at the Alamo Drafthouse in south Chandler can feel like a journey to the edge of town. But soon, Valley dwellers will have another option that’s more centrally located. The Austin, Texas-based company is expanding its presence in metro Phoenix…»
How Developers Saved Time and Millions on $418M Hospital Project
It has been said that two minds are better than one. This concept holds true for Banner Health, which has saved millions of dollars and precious time by utilizing an integrated project delivery (IPD) process for two of its latest multi-million-dollar developments…»

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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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