Commercial Real Estate & Business News – December 10, 2024

Over the past five years, the amount of new industrial properties built in the Phoenix metropolitan area has been staggering, totaling more than 120 million square feet, an amount equivalent to the size of all existing industrial properties in the city of Atlanta. Most of this new construction has…»

Arizona’s food scene has grown this year with a spate of new chains opening their first locations in the state. Time will tell how Arizonans react to these newcomers. But new chains aren’t the only ones expanding. Two fan-favorite food chains have both announced new Arizona locations coming…»

Most senior housing real estate professionals and investors say cap rates have either remained unchanged or decreased in the past six months, according to CBRE’s Senior Housing and Care Investor Survey for the second half of 2024. Respondents largely predicted flat rent growth for the year…»

Once a fledgling research school, Arizona State University (ASU) soon will hit $1 billion in annual research funding, placing the university into a rare category reached by just 33 universities across the nation. And ASU is one of only a handful of schools to accomplish the feat without a medical…»

Telefèric Barcelona, a family-owned restaurant group out of Spain known for its tapas, has leased a space in Scottsdale Fashion Square and will be opening its first restaurant in Arizona in 2025. Telefèric Barcelona first opened in Spain in 1992, but siblings Xavi and Maria Padrosa have…»