Commercial Real Estate & Business News – December 23, 2024

The CRE industry has been monitoring bank lending — particularly delinquencies, net charge-offs, and criticized loans. While all are important, it’s worthwhile to examine originations. They seem on the mend. Trepp looked at trends in its Trepp’s Anonymized Loan-Level…»

While outcomes have been varied, numerous U.S. retail markets managed to significantly outperform national benchmarks over the past year. And almost all the best performers are in the Sun Belt. To determine those best-performing retail markets of 2024, CoStar…»

Phoenix is trying to clamp down on sprawling data centers that take up a lot of land and energy but provide few jobs in return. In December, the City Council approved a series of changes to begin regulating where data centers can be built in Phoenix and how the exteriors should…»

A developer is pitching a mixed-use project comprising 278,750 square feet of commercial and about 651 residential units in northeast Mesa. The Planning and Zoning Board last week recommended council approve the requested rezone allowing for Medina Station…»

Rockefeller Group has completed the construction of a 418,400 square-foot distribution center on 24 acres in Surprise, Ariz., part of the Southwest Valley industrial submarket. One to four tenants can fit within the Surprise Pointe Commerce Center, which features 80 dock…»