Bank Branch Closures Are Increasing, But Alternative Tenants May Take Over Vacated Spaces Healthcare clinics and co-working facilities may soon find new homes in closed bank branches.Bank branch inventory in the U.S. has decreased by about two percent each year over the past two years, … [Read more...] about Commercial Real Estate & Business News April 24, 2019
FOR SALE: Anchored Retail Center | National Credit Tenants | Mesa Arizona
Price: $8,429,000 Building Size: +/- 53,267 SF Property Type: Retail Total Lot Size: 4.98 Acres Year Built: 1992 / 2002 and 2017 Renovations Drone Video: Highlights Youfit Anchored Center with Multiple Locations (Corporate Guarantee) Amazon Proof Tenant Mix National Credit Tenants Excellent … [Read more...] about FOR SALE: Anchored Retail Center | National Credit Tenants | Mesa Arizona
Commercial Real Estate & Business News April 23, 2019
Low Interest Rates, High Demand from Users Boost Hotel Sales Volume Brokers are busy again with the sales of hotel properties, after a slow winter with relatively few transactions."Investor appetite continues to be very strong for hotels," says Kevin Mallory, global head of CBRE Hotels. "That's … [Read more...] about Commercial Real Estate & Business News April 23, 2019
Commercial Real Estate & Business News April 22, 2019
Global Investors Continue to Favor U.S. Markets Foreign investors generally remain confident in a strong economy, solid real estate market fundamentals and steady inflows of capital into U.S. real estate, according to the 2019 AFIRE International Investor Survey. The survey was designed and … [Read more...] about Commercial Real Estate & Business News April 22, 2019
SOLD: Former Bank Building with Drive Thru | Flagstaff Arizona
Transaction Details Sold: $785,000 Year Built 1975 Building Size 2,617 SF Total Lot Size 0.32 Acres Description 822 North Humphreys Street was the only freestanding drive-thru retail property for sale in Flagstaff, Arizona (at time of sale). The property was formerly a bank branch. The site is … [Read more...] about SOLD: Former Bank Building with Drive Thru | Flagstaff Arizona
Commercial Real Estate & Business News April 19, 2019
Maricopa County Still Fastest-Growing County in U.S. People keep moving to Phoenix.That's the takeaway from new data released Thursday by the U.S. Census Bureau, which finds the Phoenix metro added nearly 100,000 residents from July 1, 2017, to July 2018.During that 12-month period, the … [Read more...] about Commercial Real Estate & Business News April 19, 2019