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Commercial Real Estate & Business News – September 8, 2016

September 8, 2016 by Nick Miner, CCIM   No comments   Filed Under: Daily News

CRE Loan Delinquencies Near Lowest Level in 20 Years
The quality of commercial real estate loans on bank books continued to improve in the second quarter with the exception of the nation’s energy markets. Nationally, the amount of delinquent CRE loans declined about 21% (about $4.6 billion) to $17.78 billion in the past year…»
Sam Fox Unveils his Latest Restaurant: Doughbird
Doughbird, the latest restaurant by Valley restaurateur Sam Fox, is set to open in early spring 2017 at 44th Street and Indian School Road. Dedicated to imaginative and ever-changing flavor combinations, Doughbird is a far cry from conventional pizza and rotisserie. …»
Developer Gets Nod on Downtown Phoenix Project Bid

Ten months after Phoenix canceled a downtown land deal over conflict of interest concerns involving Councilman Michael Nowakowski, a development team has been picked to move forward with the project. Trammell Crow Co., a large commercial real-estate firm that was part of the canceled first sale…»

Texas Groups Buy, Sell Phoenix-Area Apartments in $55M Deals
A Dallas-based group has bought a Chandler apartment development for $29.5 million while another group from Fort Worth has sold a north Phoenix complex for $25.2 million. Dallas-based Phoenix Property Co. has bought the 248-unit Pheasant Run complex near Warner and Alma School roads.…»
P.B. Bell Breaks Ground on Uptown Phoenix Apartments
Multifamily housing developer, P.B. Bell, started construction on The Curve at Melrose, a new luxury apartment community positioned within the Melrose District in downtown Phoenix. Located at the northeast corner of Glenrosa Avenue and 6th Drive, The Curve at Melrose will offer…»

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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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