Commercial Real Estate & Business News – April 25, 2023

Scottsdale-based Discount Tire Co. embarked on a search that lasted years and spanned the Valley for its new office headquarters that will be located in north Phoenix. The tire and wheel retailer plans to build a new office complex in north Phoenix near the Loop 101, State Route 51 and…»

This weekend Bed Bath & Beyond filed for bankruptcy protection, a long-awaited event that retail landlords have been preparing for for months. The retailer’s 360 Bed Bath & Beyond and 120 Buy Buy Baby stores and websites will remain open and continue serving customers as it “begins its efforts to…»

For years single-family homes have been an attractive asset class for investors in large part due to low mortgage rates. Now, though, the financial equation is changing, and some investors are finding they are getting burned as they seek an exit. In March of this year, one in every seven U.S. homes sold…»

CBRE has facilitated the sale of the JW Marriott Tucson Starr Pass Resort & Spa, a 575-key resort located at 3800 West Starr Pass Blvd., in Tucson, Arizona. Southwest Value Partners purchased the property for $110 million. Christian Charre, Jennifer Bergamo, Paul Weimer, and…»

A Newport Beach, California-based company is looking to redevelop the historic Turf Paradise in north Phoenix. CT Realty is under contract to purchase the horse racing track and its 252-acre site and redevelop portions of the property into industrial space, a data center and single-family…»