Commercial Real Estate & Business News – December 6, 2023

Retail executives have long known that foot traffic increases when they can provide an “experience” for the customer, such as by adding gathering places or dining venues. Retailers are now taking that a step further by featuring in-store experiences such as nail and eyelash salons, coffee shops…»

With all of the holiday “special shopping days” around, there has been a narrative that Black Friday – the day after Thanksgiving – has declined in importance for retailers. However, according to Placer.ai data, this wasn’t the case during Black Friday of 2023. The metrics demonstrated that comparing…»

The 10-story office building at 200 E. Van Buren St., which includes the offices of The Arizona Republic and azcentral.com, has been purchased for $14.5 million. According to real estate database Vizzda, Phoenix-based ViaWest Group sold the building, located at Second and Van Buren…»

While year-to-date single-family homebuilder permits were down 17% in metro Phoenix, one Valley city reported a 1,058% increase in permits between January and October. Apache Junction recorded 776 building permits between January and October, up from 67 during the same…»

Two of the most notable new eateries in the U.S. are in Phoenix, according to Esquire, which released its list of the top 50 new restaurants of 2023 on Tuesday. How it works: Esquire reviewers sampled about 200 restaurants across the country over the past year and narrowed down…»