Commercial Real Estate & Business News – April 18, 2022
Press Coffee to Open New Location in Scottsdale Next Month PHOENIX — Press Coffee announced Tuesday it plans to open a new location in Scottsdale next month. The specialty coffee shop is set to begin brewing on May 13 at its 1,300 square-foot space in the…» Phoenix Rental Prices Soar by 29% in 2 Years […]
Commercial Real Estate & Business News – April 15, 2022
Central Station, Planned Downtown Phoenix Transit Hub, Breaks Ground PHOENIX – A new Central Station is breaking ground in downtown Phoenix, and it’s set to provide a transportation hub with apartments, restaurants, offices and retail space along Central Avenue and Van Buren Street. The city of Phoenix will…» Banner Health Eyes North Scottsdale for Next […]
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 […]