Commercial Real Estate & Business News – July 17, 2023
A New Estimate: Office Could Lose $800B in Value by 2030 A new McKinsey Global Institute report estimates that by 2030 across nine “superstar” cities — Beijing, Houston, London, New York City, Paris, Munich, San Francisco, Shanghai, and Tokyo — there could be a projected loss of $800 billion of office value in real terms. […]
Commercial Real Estate & Business News – July 13, 2023
Google Starts Work on $1 Billion Data Center in Mesa Google is moving dirt on its $1 billion data center campus in southeast Mesa. The project, which was often referred to by its codename “Redhawk,” is being built on more than 185 acres near the northwest corner of Sossaman and Elliot roads. Google said construction […]
Commercial Real Estate & Business News – July 12, 2023
Google Starts Work on $1 Billion Data Center in Mesa Google is moving dirt on its $1 billion data center campus in southeast Mesa. The project, which was often referred to by its codename “Redhawk,” is being built on more than 185 acres near the northwest corner of Sossaman and Elliot roads. Google said construction […]
Commercial Real Estate & Business News – July 11, 2023
Goodyear’s FirstStreet at the Ballpark Debuts Luxury Sustainable Design Building stronger, safer and more sustainable homes has never been more important. That’s why Tempe-based HercuTech, the manufacturer of the environmentally-friendly wall building system HercuWall®, partnered with developer Harvard Investments to build the most…» Prologis Scoops up Industrial Buildings in Phoenix Metro as Part of Nationwide […]
Commercial Real Estate & Business News – July 10, 2023
ECONOMY Private Sector Companies Added 497,000 Jobs in June, More than Double Expectations, ADP Says The U.S. labor market showed no signs of letting up in June, as companies created far more jobs than expected, payroll processing firm ADP reported Thursday.Private sector jobs surged by 497,000 for the month, well ahead of the downwardly revised […]
Commercial Real Estate & Business News – July 7, 2023
Mixed-Use Project with Housing, Retail and Medical Space Planned in West Valley A new mixed-use project with housing, an inpatient rehabilitation hospital and commercial is planned for a 45-acre infill property along Interstate 10. The project, called The District at Crystal Springs, will be developed at the southwest corner of McDowell Road and Avondale Boulevard…» […]