Commercial Real Estate & Business News – April 13, 2022
Strong Retail Leasing Recovery Reveals Opportunities and Risks for Investors Monthly retail leasing has averaged above pre-pandemic levels for 12 of the past 13 months. This strong recovery in leasing, together with limited construction of new retail space and a sharp drop in store closures, has improved the overall performance of the…» Starwood REIT Buys […]
Commercial Real Estate & Business News – April 12, 2022
REITs Rebound From Early-2022 Slump REITs rebounded in March from a slump earlier this year, posting a total return of 7.1% for the FTSE Nareit All Equity REITs index and 6.5% for the FTSE Nareit Equity REITs index. The turnaround occurred as pandemic response measures continued to…» Arizona is No. 4 for Pandemic Population Growth […]
Commercial Real Estate & Business News – April 8, 2022
KORE Power Buys 214 Acres in Buckeye for $28.9 Million The Mangat Group, a Glendale-based land development group, announced today the closing of a land deal with leading U.S.-based battery developer, KORE Power. The lithium-ion battery manufacturer plans to build KOREPlex, a…» Funko Brings Main Distribution Facility, 300 Jobs to Buckeye Funko, Inc., a leading […]
Commercial Real Estate & Business News – April 7, 2022
Scottsdale Airpark Industrial Buildings Sell for $14 Million A rare, 4-building industrial flex portfolio in the Scottsdale Airpark traded hands for $14,000,000 in an all-cash transaction. The closing signifies the largest multi-tenant industrial sale since September 2017 in the Scottsdale Airpark. ORION Investment Real Estate marketed…» Dallas Developer to Turn Vacant Retail Center Into $110M […]
Commercial Real Estate & Business News – April 6, 2022
Sam Fox Recruits Devin Booker, Larry Fitzgerald and Dierks Bentley to Invest in his Phoenix Hotel Project If there wasn’t enough buzz already around the upcoming Global Ambassador hotel being developed by famed restaurateur Sam Fox in Phoenix’s Arcadia neighborhood, now celebrities are involved in the project. Fox, who has become a leader in…» Contested […]
Commercial Real Estate & Business News – April 5, 2022
Semiconductor Supplier Acquires Land in Mesa for New Facility A longtime Valley semiconductor materials provider has acquired land in Mesa for a new facility, which will create more than 100 jobs. JX Nippon Mining & Metals USA Inc., which is a subsidiary of Tokyo-based JX Nippon Mining & Metals Corporation, has acquired…» Decron Acquires Ascent […]