Commercial Real Estate & Business News – March 11, 2022
Nestlé to Build $675M Coffee-Creamer Factory in Glendale, Bringing 350 Jobs Food and beverage powerhouse Nestlé USA said Wednesday it plans to build a $675 million factory in Glendale to make creamers, including those based on oat milk, for Coffee mate, Starbucks and other brands. The facility is estimated to bring…» SB Real Estate Partners […]
Commercial Real Estate & Business News – March 10, 2022
Here’s When (and How) the World’s Largest Tech Companies Plan To Return to the Office The world’s largest tech companies are preparing to clear the cobwebs and welcome employees back to physical office space, sending an optimistic ripple across the battered real estate industry in anticipation of the return of some of its largest tenants. […]
Commercial Real Estate & Business News – March 9, 2022
3 Commercial Real Estate Lessons Learned From Covid-19 The commercial real estate industry has experienced dramatic change since the onset of the pandemic. Remote work impacted the demand for office space; a surge in e-commerce was a boon for the industrial market, yet a damper for retail…» Amazon Closing 68 Physical Stores in U.S., U.K. […]
Commercial Real Estate & Business News – March 8, 2022
Biggest Apartment Community in Phoenix Trades Hands in $255M Deal CIM Group and Tides Equities have partnered to purchase Del Mar Terrace for $255 million. The 1,012-unit property is the largest market-rate asset in Phoenix. Based on the price tag, this was the second largest multifamily transaction in Phoenix history…» WINDS OF CHANGE About 25 […]
Commercial Real Estate & Business News – March 4, 2022
Office Investment Demand Improving as Clarity Emerges The investment outlook for the office asset class is improving, despite the current lackluster level of leasing. The release of pent-up buyer demand paired with the shift in risk preferences lifted the average office sale price by over 6 percent in…» Amazon to Close Valley Stores Amid Nationwide […]
Commercial Real Estate & Business News – March 3, 2022
California Homebuilder Pays $21.3M for Land in West Valley Irvine, California-based The New Home Company Inc. paid $21.33 million for land in Surprise, positioning itself for new growth in the area spurred by a massive semiconductor plant being built in north Phoenix. Plans call for building 667 homes north of…» Headwinds Emerge for Superheated Home […]