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Commercial Real Estate & Business News – June 22, 2017

June 22, 2017 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Sales Rebound For Single-Family & Apts.
WASHINGTON, DC-Existing-home sales were looking up again in May following a drop in April, the National Association of Realtors said Wednesday. The metric was closely watched not only as an indicator of the residential market but also of the the health of the economy as a whole…»
Scottsdale Property near Kierland, Scottsdale Quarter Could be Redeveloped After Sale
An arm of Los Angeles-based Dunbar Real Estate Investment has bought an office center on Scottsdale Road in the Scottsdale Airpark for $7.3 million. The Scottsdale Business Center sits on 4.73 acres and totals 56,439 square feet. Dunbar SBC LLC bought the Scottsdale development from an entity called Arizona SBC LLC out of Scottsdale…»
Sedona Vista Village Breathes New Life Into Retail Center
Sedona Vista Village is set to transform the faltering 90,000-square-foot Sedona Village Factory Outlets with a renovation and by adding the town’s first Westin hotel to anchor the newly purchased 9-acre development located on SR 79 in the Village of Oak Creek, known as the gateway to Sedona…»
2017-2018 Forecast: Class B and C Apartments Will Rule
Domestic and global investment in multifamily housing is on the rise throughout the United States-especially for Class B and C properties. Several contributing factors have fostered this development, including an oversupply of Class A communities in combination with a drop in demand, the rising cost of homeownership, and millennials entering the market by the millions…»
ORION Closes Bell Plaza in Northwest Phoenix
PHOENIX, Arizona – ORION Investment Real Estate is pleased to announce the sale of Bell Plaza, located at the signalized corner of 17th Avenue and Bell Road, for $3,275,000 ($229 PSF). Bell Plaza is a 14,320-square-foot strip center, situated on approximately 1.41 acres…»

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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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