Commercial Real Estate & Business News – April 4, 2024

Two of the largest companies in the quick-service restaurant space, Shake Shack and Chipotle, are opening their Scottsdale first drive-thru locations this month. The moves are yet another indicator that drive-thru continues to be one of the strongest trends in the restaurant...»

Could it be that return-to-office policies are once again drawing homebuyers to house hunt close to the locations where they work, instead of the remote settings they were drawn to post-pandemic? That is certainly the conclusion reached by Realtor.com in its February Hottest…»

An apartment deal in Scottsdale, Arizona, is among the Phoenix region’s highest-priced transactions of the past year in a sign of investor demand for the city’s eastern suburbs. Still, the sale price was below the prior one for the complex as Sun Belt multifamily markets experience higher…»

Construction activity remains scorching hot in the Metro Phoenix industrial market, with 10 million square feet in deliveries in the first quarter alone, according to a report from Kidder Mathews. NEW DELIVERIES continue to soar with over 10M SF in YTD deliveries. RENTAL…»

New York-based WeWork Inc. said Tuesday it expects to emerge from Chapter 11 by the end of the spring. The beleaguered coworking company, which filed for Chapter 11 bankruptcy protection in November, said in a statement it’s determined “a final path forward” at 90% of the…»