Commercial Real Estate & Business News – February 7, 2025

Here are the 10 biggest deals in Metro Phoenix commercial real estate from January of 2025, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine. 1. Town Deer Valley Apartments. Price: $131,100,000. Sector: Multifamily…»

Four years ago, a newly formed company was deciding between three states for its lithium-ion battery manufacturing plant with 3,000 jobs. One of those was Arizona. Called KORE Power Inc., the Coeur d’Alene, Idaho-based battery cell developer was aiming to build what it said would be the…»

This office building originally started off as industrial and now it’s slated to go back to its previous use. A joint venture of Ryan Cos. and Alidade Capital has broken ground on Chandler Freeways Business Park, a 190,475-square-foot industrial development in Chandler, Ariz. The duo…»

Chicago-based Belgravia Group Ltd. plans to build new luxury condos after paying $13.2 million to DMB Associates Inc. for 4.57 acres at DMB’s 120-acre One Scottsdale mixed use development, according to Tempe-based Vizzda LLC. The transaction closed on Jan. 28 for the vacant…»

The December monthly Consumer Price Index (CPIU) increased 0.4% after rising 0.3% in November. Energy prices accounted for more than 40% of the monthly all items increase with a rise of 2.6% in December. The index for food increased 0.3% with food at home and food away from home…»