Commercial Real Estate & Business News – February 8, 2023
Phoenix Claims 8th Largest Office Deal in the U.S. for 2022 at $504M When it comes to the office industry, 2022 was another entry in a series of transformative years. With work time still shared between home and the office (for most companies), the office building continued to take on the role of an…» As […]
Commercial Real Estate & Business News – February 7, 2023
City Seeks Developers for South Phoenix Property With Long History Phoenix is moving forward with a request for proposals for a city-owned, vacant lot on the south side of the city that has a long history. The economic development and equity subcommittee approved on Jan. 25 a motion that will allow the city to issue […]
Commercial Real Estate & Business News – February 6, 2023
Arizona Chamber of Commerce President says Super Bowl could bring State up to $1 Billion An Arizona business leader believes the state could bring in up to $1 billion due to the Super Bowl, a figure that would be triple the intake of the last time the game was hosted in Glendale. Danny Seiden, president […]
Commercial Real Estate & Business News – February 2, 2023
Mack Real Estate Group Proposes 1.2M-Square-Foot Scottsdale Industrial-Office park Nearly a year after acquiring a large — and expensive — site in north Scottsdale, Mack Real Estate Group filed plans to get city approval for its new development. The developer submitted an application earlier this month for the first phase of Mack Innovation Park on […]
Commercial Real Estate & Business News – February 1, 2023
Report: CRE Leaders Slightly More Optimistic About 2023 Than Business Other Leaders Commercial real estate professionals are anticipating a recession in 2023. Yet in comparison with other industry leaders, they’re slightly more optimistic about the coming year, according to JPMorgan Chase’s Business Leaders Outlook…» New Avenues Open for Brick-and-Mortar Retail With Class B and C […]
Commercial Real Estate & Business News – January 31, 2023
2023 Unlikely to Bring a Large Wave of CRE Distress, Predicts Walker & Dunlop Exec Commercial real estate investment sales have already been trending down for some time, with higher interest rates creating uncertainty about the future direction of property values. In the fourth quarter of 2022, overall investment sales volume…» Are Industrial Construction Costs […]