Commercial Real Estate & Business News – November 11, 2024

Immediately after the election, there was a lurch. Yields on the 10-year Treasury jumped by 21 basis points in a few hours. CRE investors had already been trading their interest rate cap extensions to take risk off the table as much as possible. The 10-year has since returned to the levels before…»

BNSF Railway has cleared the first voting hurdle for its $3.2 billion rail and logistics center set to rise across 4,300 acres in Arizona. During its Nov. 7 meeting, the Maricopa County planning and zoning commission recommended approval for a comprehensive plan amendment for 839 acres of…»

If at first you don’t succeed, try again. An admirable adage, but one that has some potential consequences when dealing with CRE loans that borrowers can’t manage to refinance. The practice, as the Financial Times noted, has led to a rise in double defaults. By the end of…»

Merit Partners Inc. is developing two industrial buildings in the PV303 master-planned industrial center in Goodyear. The project, called Tex Industrial, includes a 100,737-square-foot warehouse and a 132,475-square-foot warehouse across 17 acres near the Loop 303 and Indian School Road…»

Few states have benefitted more than Arizona from enactment of the CHIPS and Science Act, but the progress here in expanding this important industry could be slowed if president-elect Trump acts on his recent criticisms of the legislation. The CHIPS Act has aimed to revive America’s role…»