Commercial Real Estate & Business News – November 21, 2024

Mayo Clinic is in talks with companies from all over the world that could locate their operations in its planned 120-acre biotech innovation hub. While it’s too early to reveal the names of the first companies planning to call Mayo’s Discovery Oasis campus home, the location of the first…»

A 100-acre development that will bring apartments, offices, hotels, a grocery store and restaurants to north Phoenix near High Street and Desert Ridge Marketplace is beginning to take shape, as the first residents move into the first apartment building. CityNorth, a master-planned…»

On Nov. 18, demolition of Metrocenter Mall began to make way for a new, transit-oriented urban village named The Metropolitan. The development will have easy access to the new Thelda William Transit Center — a light rail stop that connects to the downtown area and the East Valley…»

Excitement is building for VAI Resort, the over-the-top Glendale entertainment complex that promises to bring the nonstop excitement of the Las Vegas Strip to the West Valley. Why it matters: The development team is betting big — $1.2 billion big — that it can attract high-rolling…»

What will the housing market look like in 2025? We already see many signals for what to expect, including last week’s data on inventory, new listings and price reductions, which I analyze below. For a more comprehensive look, read our 2025 Housing Market Forecast covering…»