Commercial Real Estate & Business News – December 16, 2024

The Copper State continues to be one of the top destinations for domestic movers, according to recently released state-to-state migration flow data from the U.S. Census Bureau, likely a result of factors including Arizona’s relatively affordable housing and healthy local economy…»

Adlanto and Plaza Companies are teaming up on an exciting new upscale development, The Goldwater, in the heart of Old Town Scottsdale. The Goldwater Residences is an elegant for-sale condo development located at the center of arts, culture and entertainment in Old Town Scottsdale…»

Riot Hospitality Group announces it will open Scottsdale’s first and only fine dining supper club in early 2025. Located in Old Town at 7373 E Camelback Rd, Shiv Supper Club will set the stage for a bold new experience, where culinary artistry meets immersive entertainment. Named…»

In a contentious vote, Glendale City Council has approved spending up to $17.8 million to secure new parking spaces from the developers of the $1 billion VAI Resort. The city approved a parking space use agreement in a 5-2 vote with VAI Resorts LLC at its Dec. 10 meeting, just before…»

CBRE’s new report on the market outlook for U.S. real estate in 2025 presents a picture of cautious optimism with both opportunities and risks for investors. It predicts investment sales will continue to recover, boosted by strong economic growth, with volume up by as much as 10% next…»