Commercial Real Estate & Business News – October 3, 2024

When the companies that finance CRE offer a mostly positive view of the sector after months of lending that seemed to have diminished to little more than a trickle, developers and investors may also have reasons to feel cheerful. The 3Q 2024 Sentiment Index survey of the Board of Governors of the CRE Finance Council (CREFC) presents an…»

Phoenix-based Pivotal Group is investing $100 million to purchase and renovate the Hilton Phoenix Resort at the Peak, an iconic property developed in 1977. Peak Hotel LLC, an entity linked to Pivotal Group, paid $39.5 million for the property in a sale that closed Oct. 1, according to Tempe-based real estate database…»

A major accounting firm with national reach is moving its local operations to Tempe Town Lake. CliftonLarsonAllen, or CLA, announced Oct. 1 it is taking about 55,000 square feet at the Hayden Ferry Lakeside office campus in Tempe. Sources familiar with the deal say that it’s in Hayden Ferry Lakeside I — the building once fully occupied by…»

The Commerce Department released revisions to past data last week that showed the economy grew more quickly in all but four quarters since the beginning of 2019. The revisions wiped out one of the two consecutive quarters of negative growth in early 2022, negating earlier reports of a…»

With dense plans flying in North Scottsdale, one almost needs the microscopic level of detail offered by French writer Alain Robbe-Grillet to slow things down and dissect them. Trained as a statistician and agronomist, Robbe-Grillet was fascinated by “the ties that exist between objects, gestures and situations…»