Commercial Real Estate & Business News – January 5, 2024

A plan to develop a long-vacant lot adjacent to Steele Indian School Park was unanimously approved by the Phoenix City Council on Wednesday, despite some opposition from neighbors who claimed a previous version of the project was preferable. The development, called…»

The Hayden Flour Mill silos and building have stood vacant since the mill closed in 1998. But that’s finally about to change. Last October, the city of Tempe announced the approval of a restoration and redevelopment plan for the historic Hayden Flour Mill, which stands at the corner…»

EdgeCore Digital Infrastructure, a Denver-based data center developer and owner, has completed a $1.9 billion green loan debt financing to fund the expansion of its data center campus in Mesa, Arizona. The transaction provides a template for several planned financings across…»

There has been an ongoing curiosity on the part of many, particularly investors, of when the distressed inventory will suddenly hit. For some, it’s a chance to pick up bargains that will eventually regain value. Others are worried about the effect a wave of distressed properties will have on other…»

Here are the top five homebuilding industry trends to watch for in 2024: Growth in New Construction: While interest rates have had a big impact on the demand for new construction, we expect to see growth in our industry in the coming year, especially if rates go down by mid-2024 as…»