Commercial Real Estate & Business News – August 25, 2023

Apartment rents have fallen to minus 0.7%, based on Apartmentlist.com’s most recent estimates for July of this year. This is the first year-over-year price drop the market has experienced since the beginning of COVID-19. But the decline has been uneven ever…»

As one storied Phoenix law firm shutters its doors, another is ready to board a “rocket ship” to a new phase of growth. After more than 80 years in business, Jennings, Strouss & Salmon PLC recently announced it would cease operations at the end of August. That opened the…»

Salt and Lime Modern Mexican Grill, a popular restaurant in Scottsdale, is planning to open a new location in Phoenix’s Arcadia neighborhood in early 2024. The restaurant, which has operated at 9397 E. Shea Blvd in Scottsdale since 2014, signed a lease for…»

Axon, the Scottsdale-based maker of Taser stun guns, law enforcement body cameras and records-keeping software, is planning to add apartments, a hotel and commercial space, like restaurants and shops, to its north Scottsdale campus. Axon bought about…»

Nearly two years after DraftKings announced plans to open a retail sportsbook at the TPC Scottsdale golf club the facility is inching closer to opening this fall. Once completed, the 13,000-square-foot facility that sits on a 3.2-acre parcel on the southeast corner of…»