Commercial Real Estate & Business News – November 8, 2023

A development that will include the largest pickleball facility in Arizona and will be the future headquarters for USA Pickleball is coming to tribal land near Scottsdale. Pure Pickleball will partner with Scottsdale-based Caliber Cos. to develop the 11-acre venue, which will include 28 oversized…»

Phoenix is once again one of the hottest real estate markets in the U.S. as the region continues to attract new residents by the masses, according to a new Urban Land Institute study released this week. This year, Phoenix was ranked the second top market to watch for overall real estate prospects…»

The former owner of the NBA’s Phoenix Suns, Robert Sarver, is taking a contrarian view of the future of office space — despite its noted structural shifts in demand — with a newly launched firm to invest in office buildings in mixed-use environments being sold at a discount to historic…»

Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, today announced that it has broken ground on City North Residential Phase II. “We are excited for our partnership with…»

The predictions about commercial real estate’s recovery have not been pretty. CBRE, Cushman & Wakefield and JLL all believe that any improvements will not become apparent until the second half of next year. Worse, CBRE anticipates that there will be a 5% drop in transactions next year due to rising…»