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Commercial Real Estate & Business News – September 24, 2015

September 24, 2015 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Real Estate Outlook Unfazed by Fed Inaction, Observers Say
The Federal Reserve’s decision at its Sept. 17 meeting to keep interest rates unchanged has done little to alter the favorable long-term outlook for the United States’ commercial real estate sector, according to market observers. Steve Rado, a principal at EY and leader of the firm’s U.S. real estate mergers and acquisitions (M&A) advisory practice, said most long-term real estate investors will continue to favor the asset class… Read more »
Home Sales Hit 8-Year-High, RealtyTrac Says
Sales of single-family homes and condominiums in August hit an eight-year high nationally, and some cities are on pace to see their best sales numbers in a decade, according to RealtyTrac’s August 2015 U.S. Home Sales Report. International cash buyers and FHA loans fuel double-digit percentage spikes in sales of single-family homes and condos in some cities… Read more »
Wells Fargo Plans Bigger, Taller Chandler Campus
Wells Fargo wants to bring mid-rise towers to its massive campus in Chandler’s Price Road Corridor, with buildings up to 13 stories high. The nearly 50-acre campus sits within Chandler’s Price Road Corridor, also home to Intel Corp., Orbital ATK and PayPal… Read more »
Menlo Equities Owns All of Thistle Landing Offices After Spending $51.25 Million
It cost another $50 + million, but Menlo Equities LLC now owns all 383,509 sq. ft. of office space that comprises the four-building Thistle Landing business park located near 48th Street and Ray Road in Phoenix. Menlo Equities cornered the market on the South Valley office complex by paying $51.25 million ($181.41 to acquire 282,503 sq. ft. in three buildings within Thistle Landing… Read more »
Why Deco Communities Touts Ownership and Community at New AZ Condo
Deco Communities has broken ground on Inspire Downtown Scottsdale, a $42 million luxury condo development in Scottsdale. The project will offer contemporary-styled residences starting at $299,000. “Our philosophy is that ‘rent’ is a four-letter word,” Rob Lyles, a partner with Deco Communities, said. “We strive to deliver housing that allows buyers to take ownership, not just in owning their own home, but also in the community around them.”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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