Commercial Real Estate & Business News – March 7, 2024

There was noted heavy demand for more space during the heights of the pandemic. When offices and schools were closed, along with cafes, libraries, and other places that might offer a place to work or study, people looked for larger living spaces. That could be purchasing a house…»

Everyone needs to chill out about the commercial real estate market. That’s according to a portfolio manager at Brandywine Global. In an interview with CNN, Tracy Chen said much of the recent hand-wringing over the commercial property sector is overblown. “If we are at the peak…»

In a significant turn of events, Macerich Co., in collaboration with Phoenix-based Red Development, has resubmitted plans for a mixed-use tower at the Biltmore Fashion Park, located at the prime intersection of 24th Street and Camelback Road. This move comes less than two weeks…»

New dining experiences, much-needed housing and a neighborhood church: These are the elements of The Trailhead, a community gathering place for northwest Valley residents that has been seven years in the making. This morning, Peoria officials joined the Pederson Group…»

As this year’s spring home-buying season approaches, homeowners and renters remain reluctant to move due largely to the rise in interest and mortgage rates over the past two years. Despite hopes of rates easing late last year, recent data shows that little has changed in this frozen…»