Commercial Real Estate & Business News – August 3, 2022

Indications that the high-performing industrial market has hit a plateau are growing, according to a report by Newmark. Factors include economic and geopolitical headwinds that have “incited a significant slow-down” in economic growth and uncertainties around…»

Ryan Companies, US Inc., a national commercial real estate solutions provider, and Westcore announce the groundbreaking of Hatcher Industrial Park. Comprised of two buildings totaling more than 906,000 square feet, the industrial park will provide…»

The rising cost of debt topped LaSalle Mid-Year Update’s list of biggest impacts on commercial real estate for the second half of 2022.“High-leverage buyers no longer dominate bidding and set prices,” LaSalle wrote…»

Developers are planning to convert defunct commercial buildings into apartments to bring more residences to the city of Phoenix, which is facing a major housing shortage. Phoenix-based WeBuild Res started work August 1 on a set of…»

Top-end, class A space only accounts for about 25% of the total office market in Phoenix, yet more than two-thirds of all leasing activity in the first half of the year was at those premium properties. CBRE Group Inc.’s Charlie von Arentschildt sees Phoenix’s…»