Commercial Real Estate & Business News – October 31, 2022

A large industrial park with five buildings recently traded hands for $93.5 million, or $209.46 per square foot, near the Phoenix Sky Harbor International Airport. San Diego-based Westcore Properties purchased the 446,387-square-foot facility from…»

Mark-Taylor Residential is adding micro units to its management portfolio after being tapped to manage a 222-unit community in downtown Phoenix. Ascentris tapped the firm to manage Derby, which was completed earlier this year. The 21-story Derby is…»

LOS ANGELES—“We are going through a tricky time. It has never been more important to focus on the basis when looking at a transaction.” Those thoughts are according to panelist Bobby Khorshidi, president and chief credit officer at Archway Capital…»

After years of lockdowns and limited gatherings, millennials are eager for a change of scenery. In a new study, SmartAsset analyzed data for 152 of the largest U.S. cities to determine the Top 20 Millennial hotspots. More specifically, we looked at the number of…»

Shoppers are heading to stores for holiday shopping, attracted, at least in part, by a festive atmosphere. Over 63% of U.S. consumers plan to do at least some of their holiday shopping in-store this holiday season — up from 58% last year, according to…»