Commercial Real Estate & Business News – December 20, 2022

We’ve been chronicling in GlobeSt. this year an exponential growth curve for film production studios and sound stages. In Hollywood, New York, Georgia and places in between, big-ticket soundstage projects have been announced on what seems like a…»

Microchip Technology will not build a previously expected semiconductor factory in Oregon — or anywhere else in the country — according to media reports. News came out in October that the Chandler-based company would add…»

Where is retail real estate headed? At ICSC’s annual New York City convention last week, the picture that emerged was both complex and promising. Observations from a variety of industry professionals confirm that predictions of brick-and-mortar’s demise were…»

Arizona’s unemployment rate continued to rise in November, registering a slight increase to 4.1%. That is up 0.2% from October. Despite the increase, Arizona added more than 26,000 jobs in the private sector last month alone and more than…»

City leaders in Glendale near Phoenix have approved a plan to build four massive warehouses along the Loop 303 freeway, an area quickly developing into one of the region’s largest industrial property hubs. The Glendale City Council voted this week to...»