Commercial Real Estate & Business News – September 13, 2024

U.S. Labor Market, CRE Still on Track for Fed Soft Landing

Assessing the overall health of the economy and its impact on the commercial real estate sector is all about perspective for John Chang, senior VP of research services at Marcus & Millichap. In a recent market update from the firm, Chang argued that…»

Phoenix apartment rents continue downward slide

Multifamily rents took another step backward last month as supply-side pressure continues to hamper Phoenix property performance. The average asking rent fell 0.4% in August, marking the sixth-consecutive month with decreases and the…»

California cryotherapy company expands to Scottsdale, plus 11 more real estate deals to know

West Hollywood, California-based Next Health is expanding to Scottsdale. Plans call for offering IV therapy, biomarker testing, cryotherapy, therapeutic plasma exchange and executive physicals at a handful of Scottsdale facilities that will range between…»

Target set to anchor new East Valley mixed-use center

A new developer is spearheading the transformation of more than 60 acres of east Mesa land into a new shopping center to be anchored by a Target store. New pre-submittal documents were filed Sept. 5 to the city of Mesa for Medina Station, which will be…»

NAIOP Members Detail Trends to Watch in Commercial Real Estate

The commercial real estate market in Greater Phoenix has expanded in recent years, with some sectors outperforming others. With 2024 beginning to wane, AZRE magazine sat down with the following NAIOP Arizona members to learn more about…»