Commercial Real Estate & Business News – September 1, 2023
First look: Inside Sam Fox’s First Hotel, The Global Ambassador You probably know Sam Fox for dining concepts such as The Henry and Culinary Dropout. But Fox, who sold his restaurant group to The Cheesecake Factory in 2019, is tapping into a new industry with the highly anticipated opening of his first hotel later this […]
Commercial Real Estate & Business News – August 31, 2023
Macerich’s Current Redevelopment at Scottsdale Fashion Square Progresses with More Retail Space for Men, More Dining Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of high-quality retail and mixed-use properties in top markets, today detailed progress for its current redevelopment of the south wing at Scottsdale Fashion Square, including more experiential […]
Commercial Real Estate & Business News – August 30, 2023
311 Acres of Land in Gilbert Sells for $107.5 Million Indicap, Colmena Group and Langley Properties announced today the successful acquisition of the 311+ acres of land at the northwest corner of Power Road and Warner Road in Gilbert, Arizona for $107,500,000 in an all cash transaction, which is believed to be one of the…» […]
Commercial Real Estate & Business News – August 29, 2023
Home Run for Arizona: Spring Training Pumps Over $710 Million into Economy Spring Training generated more than $418 million in new revenue for Arizona’s economy this year and more than $710 million in total economic activity, according to a new economic impact study from Arizona State University’s Seidman Institute. Researchers interviewed…» Phoenix Among Top Locations […]
Commercial Real Estate & Business News – August 28, 2023
CRE Sales Volumes Show Signs of Life in Q2 Signs are emerging that the market is bottoming, and sales volumes will increase moving forward. There is a lag between offerings and closed transactions, so this recovery is likely another quarter away, according to market update report from Colliers. Multifamily volume…» Development Team Closes on Massive […]
Commercial Real Estate & Business News – August 25, 2023
Apartment Rents are Falling at a Slower Pace in the Suburbs Apartment rents have fallen to minus 0.7%, based on Apartmentlist.com’s most recent estimates for July of this year. This is the first year-over-year price drop the market has experienced since the beginning of COVID-19. But the decline has been uneven ever…» Quarles Exec: Valley […]