Commercial Real Estate & Business News – December 30, 2024

And the “If At First You Don’t Succeed Award” goes to … If there was such an award in Scottsdale, few could argue it going to Mercado Village. By a 6-1 vote Dec. 4, City Council gave the project on Shea Boulevard and 92nd Street – across from HonorHealth Hospital – its long-awaited…»

Arizona remains one of the fastest-growing states in the country, according to the latest numbers from the U.S. Census Bureau. The Grand Canyon State now has nearly 7.6 million residents, the December 2024 Census estimate shows. That figure is up nearly 6% since 2020 and…»

After a slow start to the year, U.S. hotel deals pace grew throughout 2024, a trend industry experts expect to continue. This comes after a few years of a slower deals environment, caused by higher interest rates and a more selective lending community. The hospitality industry saw a hotter…»

In a one-two punch of holiday retail bankruptcy announcements, Party City has issued a formal statement declaring that it will close all its U.S. stores within the coming months, while The Container Store has also formally filed for Chapter 11 bankruptcy protection. CNN first reported on…»