Commercial Real Estate & Business News – April 30, 2021
Peoria Could Land Full-service Hotel and More with $510 Million Development that Came with a Steep Subsidy Peoria offered up a steep subsidy to move forward with a $510 million project to pad out the P83 entertainment district with apartments or condominiums, a full-service hotel and office space. More than a year after city leaders […]
Commercial Real Estate & Business News – April 29, 2021
Asian Grocer 99 Ranch Market to Anchor Renovated Chandler Shopping Center A recently renovated Chandler shopping center will be home to a number of first-to-market Asian retailers and restaurants. A $10 million makeover was recently completed on a 117,000-square-foot retail center on the northeast corner of Chandler…» Tensions Rise as Return-to-work Plans Gain Steam As […]
Commercial Real Estate & Business News – April 28, 2021
Massive 1.5M SF Industrial Project will Front 202 Freeway in Mesa A massive new industrial project is set for development on a key 101-acre parcel fronting the 202 Freeway near Phoenix-Mesa Gateway Airport. LaPour Partners is teaming with Scottsdale Investment Management (“SIM”) to build 1.5 million square feet of new industrial…» Here are 6 Metro […]
Commercial Real Estate & Business News – April 27, 2021
2 New Amazon Sort Centers will Create Hundreds of Arizona Jobs Amazon is continuing its investment in Arizona with two new sortation centers — one in Glendale and one in Tucson — to support customer fulfillment and delivery operations. The Tucson site is expected to open later this year and create hundreds of new full- […]
Commercial Real Estate & Business News – April 26, 2021
Office Is On a Slow Slog to Recovery The office market is showing renewed signs of life as firms evaluate and implement return-to-work strategies, with average leasing rates inching up 1.4% year-over-year to an average of $38.67 per square foot. Manhattan remained the priciest market nationwide, with…» Wood Partners Will Build New Luxury Community in Gilbert […]
Commercial Real Estate & Business News – April 23, 2021
Arizona Among Top States Ranked for Economic Momentum, Report Says Arizona is among the top six states in a national ranking of economic momentum. More than half of the 50 states exceeded the nation’s overall economic performance in the first quarter, according to the first quarter Index of State Economic Momentum published by…» Chipotle to […]