Commercial Real Estate & Business News – November 6, 2024

The commercial real estate market has continued to show signs of recovery for the third quarter as sales volumes across most asset classes either grew or stabilized. According to a new report from Colliers, sales in the third quarter held steady year-over-year and increased over the second quarter, marking the…»

Dallas-based JLB Partners is proposing a mixed-use development with new luxury housing, office and retail along the Loop 101 in North Phoenix. The company recently submitted a zoning application for the 50-acre property, located at the northeast corner of Mayo Boulevard and…»

Commercial real estate has been on a “positive rebound” for MetLife, said executive VP, chief financial officer, and head of investment management John McCallion on an earnings call. Real estate investments provided an important anchor in MetLife’s third quarter. “The private equity portfolio, which had…»

Greg Jackson doesn’t have a window in his office, but he says he doesn’t need one. As the facilities manager for the Taiwan Semiconductor Manufacturing Company’s massive new factories in north Phoenix, Jackson spends a lot of time away from his desk, on his feet. Jackson’s responsibilities cover the…»

JLL Capital Markets announced today that it has arranged the sale of 24th at Camelback II, a Class A office asset totaling 306,877 square feet in Phoenix, Arizona. The transaction represents the largest Metro Phoenix office sale since 2022. The sale price was $97.9 million, according to…»