Commercial Real Estate & Business News – January 13, 2025

Kohl’s announced Thursday that it would close 27 underperforming stores in 15 states by April 2025. The Menomonee Falls, Wisconsin-based retail giant saw sales drop during 2024, and Kohl’s stock price has fallen by over 50% in the last 12 months. The department store operates around…»

Many CRE firms are hopeful that 2025 will be the year that just about everything across the board booms after dozens of months of turbulence. For his part, Michael Thom, attorney in the business and finance department at Obermayer, has zeroed in specifically on the industrial sector. Industrial has many…»

This month alone, $8.6 billion of commercial mortgage-backed security loans are scheduled to come due. That’s putting pressure on the property lending system after years of leniency on holders of maturing debt — and leading some industry professionals to expect an increase in foreclosures…»

Cushman & Wakefield has advised the sale and acquisition financing for Broadway 101 Commerce Park, an 809,230-square-foot Class A multi-tenant industrial park spanning 11 buildings on ±53 acres in Mesa, Arizona. The sale set several local records including: the largest Phoenix industrial…»

The United States reached another record in new apartment construction for the third consecutive year – and the Phoenix Metro area is among the leaders of the pack, according to rentcafe.com. And Scottsdale was ranked fifth of 12 Valley cities for apartment construction, just behind…»