Commercial Real Estate & Business News – July 29

In one of the biggest commercial real estate deals of the year, QTS Data Centers acquired 206.08 acres of land in Avondale for $246,866,895, according to Vizzda. The sellers were Terry Klinger and Grand View Dairy. The sale breaks down to $1,198,014.82…»

Phoenix is seeing some of the biggest demand in the country when it comes to the industrial sector thanks to its prime location. Net absorption in the second quarter reached 4.2 million square feet, according to a report from Transwestern. Not only has that number surged...»

Another long-time national retailer is closing stores across the country, including in Phoenix, after filing for Chapter 11 bankruptcy protection. Texas-based Conn’s Inc. (Nasdaq: CONN) filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for…»

The nation’s largest single-family home landlord is betting on high tenant demand as it expands its number of houses for lease and leans into its rapidly growing third-party management business. Invitation Homes said revenue rose 8.8% in the second quarter with a 97.5% occupancy rate across its portfolio. But at…»

Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Amkor Technology, Inc. have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $400 million in proposed direct funding under the CHIPS and Science Act. President Biden…»