Commercial Real Estate & Business News – May 17, 2024

Phoenix has kept its title as one of the top markets in the country for the growth of large warehouse space even as the sector has cooled off nationally, according to a CBRE Group Inc. report. The Valley had a 6% growth rate last year for industrial buildings that are larger...»

One of the newest office developments to land on the Phoenix market has landed a major deal in a sign that tenants are willing to commit to long-term leases, as long as they’re in the nicest and newest properties. WillScot Mobile Mini Holdings, a publicly traded company that…»

As a big build-to-suit office building in Tempe inches closer to completion, the user it was being built for said it won’t be taking occupancy. California-based Viasat Inc., a global communications giant that provides internet service, had big plans in 2022 to expand its real estate…»

In 2023, a few top metros for industrial deliveries emerged as the sector further displayed resilience and adaptability, fueled by the reshoring and nearshoring of manufacturing, increased construction spending and the lasting impact of e-commerce. These trends signaled a strategic…»

Five years after rejecting a plan to extend light rail into west Phoenix, the city is changing direction. Based on community input, the council will consider two extensions along Indian School Road. Both would run from Central Avenue to 79th Avenue, but one would also connect…»