Commercial Real Estate & Business News – September 24, 2024

In this century, it has taken anywhere from 1 1/2 to 3 1/2 years for commercial property sales volume and prices to begin increasing following interest rate cuts. The way it all plays out, after the Federal Reserve’s announced half-percentage-point cut in the…»

Phoenix’s most iconic mall — Metrocenter Mall — is on its way to becoming the largest mall redevelopment project in Arizona’s history. Concord Wilshire Capitaland TLG Investment Partners(Developer) announced today that (i) the Abatement and…»

A hotel developer is bringing a brand of extended stay hotels to the Phoenix market and plans to eventually build 12, with a few expected to break ground this year. West77 Partners will be the developer, general contractor and…»

Scottsdale-based Shea Homes has purchased the last parcel of an 80-year-old dairy farm in Glendale. Shea Homes paid $15.57 million in cash to the family of Rovey Farms for 120 acres near 75th and Northern avenues, according to Tempe-based Vizzda LLC real estate…»

Arizona’s first surf park is finally set to make waves in Mesa this fall, following a two-year delay caused by supply-chain disruptions. The 3.3-acre Revel Surf, which promises an incredible surfing experience for all, just concluded a…»