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Core Campus Investment Partners recently plunked down about $8.4M for a quarter-acre site in Tempe. It's the highest price in Arizona in the last 10 years per SF, Cushman & Wakefield's Brian Rosella said. 
"As a vibrant urban area, demand for land in Tempe has been unprecedented," Rosella said. "But this closing has set a new benchmark for pricing in the state." Core Campus expects the price to be worth it: The company is…
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Goldman Sachs Takes Phoenix-Area Shopping Center for $41M
Investors are clearly eager for Phoenix-area retail. Not long after L.A.-based Karlin Real Estate acquired the Pima Crossing shopping center in Scottsdale, New York-based Goldman Sachs & Co snapped up the 305k SF Bethany Towne Center in Phoenix for $41.3M. …
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New Apartments Slated For Midtown Phoenix Site
Alliance Residential Co is planning a 200-unit apartment at Third Avenue and Osborn Road in Midtown Phoenix. A JV formed by Alliance Residential paid $6M to buy the 2.4-acre site, Business Real Estate Weekly of Arizona reports. Alliance Residential is…
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CRE Money Managers 215% More Confident In Infrastructure Allocations This YearAs the U.S. nears its longest period of economic recovery ever, top commercial real estate executives are eyeing infrastructure investments as an untapped market for yields this year. In its second annual Real Confidence Executive Index survey, CRE advisory firm Altus Group dissected the real estate preferences of 65 top CRE executives from private equity firms and REITs. The survey provided each exec with a hypothetical $1B and asked how he/she would invest it into a portfolio using both private/public equity and debt to produce the highest returns possible in one year. |
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These Are The Top 6 Premium Office Markets In The WorldCompanies in the world's most expensive office markets are paying upward of $130/SF per year, a pretty penny that only a fraction of corporations can afford. But these firms are paying a premium for more than mere office space. They're buying into the world's most influential and connected cities that house some of the largest corporations and deepest talent pools. Using its Premium Office Rent Tracker to compare premium office costs internationally, JLL found these six markets are the top premium markets in the world. (All stats as of Q4 2016) |
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