Commercial Real Estate & Business News – April 29, 2024

A new commercial retail center could rise in an emerging Mesa corridor. Mesa’s Planning and Zoning Commission on April 24 approved several new projects, including a proposal to transform a 12-acre preliminary plat into a retail center. Dubbed “Avalon Ranch,” the seven-lot...»

Joann, one of the largest U.S. sellers of sewing supplies and fabrics, is set to emerge from Chapter 11 bankruptcy proceedings with an improved balance sheet and its roster of more than 800 stores remaining open. The Hudson, Ohio-based company said the U.S. Bankruptcy…»

High mortgage rates, near-record-high home prices and a historic undersupply of houses are leaving few bright spots in the U.S. market. But one industry is thriving under the current conditions: homebuilders. As the biggest of those companies, such as D.R. Horton and Lennar…»

A Scottsdale-based developer bought 3.3 acres of vacant land on the southwest corner of Central Avenue and McDowell Road and is moving forward with a plan to develop a 24-story apartment tower with ground-floor retail and restaurant space. Aspirant Development…»

Solar power in the U.S. has continued to grow, and a type of installation and use called community solar is increasingly important to commercial real estate, says CBRE. Community solar is a concept developed in 2010 to expand availability of solar power to low-and-moderate-income…»