Commercial Real Estate & Business News – September 19, 2023

A new Green Street report by Managing Director and Co-Head of Strategic Research, Daniel Ismail and Harsh Hemnan, analyst on the net lease and ground lease sector teams, looks at the Q2 CRE transaction results for 2023. The results are probably not surprising given all the news that has come out about industry…»

Indicap, Colmena Group and Langley Properties announced today the successful acquisition of the 311+ acres of land at the northwest corner of Power Road and Warner Road in Gilbert, Arizona for $107,500,000 in an all cash transaction, which is believed to be one of the largest private…»

The Phoenix office market witnessed both positive and negative traits in the first seven months of the year, as economic headwinds troubled the sector on various levels, according to fresh data from CommercialEdge. Construction activity picked up pace in terms of new projects entering…»

Two-thirds of Scottsdale voters (67 percent) support City Council approval for the proposed Banner Health Medical Campus – including a full-service hospital and cancer center – according to a poll of 400 city voters conducted Aug. 21-23 by national pollster Public Opinion Strategies. The proposed…»

A Maricopa County Superior Court judge is poised to order new oversight of a struggling but ambitious redevelopment project in Phoenix. Judge Scott McCoy will decide Sept. 15 whether to appoint Mike Wilson of Wilson Property Services to manage the entity that owns the One Camelback…»