Commercial Real Estate & Business News – March 4, 2020
Red Bull Plans 700K SF Expansion in GlendaleOn the heels of a 2019 announcement that longtime partners Ball Corporation, Raüch Fruit Juices and Red Bull chose the city of Glendale to build a U.S. manufacturing facility, Red Bull is now expanding those operations. The expansion will consist…» Retail Investors Bear Down On Asset TypesThe retail […]
Commercial Real Estate & Business News – March 3, 2020
Phoenix Office Market Surges in 2019 as Major Leases, Sales Lead the WayThe Phoenix office market finished 2019 on a high note, with a decrease in the region’s overall vacancy rate and increases in net absorption, construction and rents, according to research from Colliers International.In 2019, 3.4 million square feet of new…» New Phase of […]
COMMERCIAL REAL ESTATE & BUSINESS NEWS – March 2, 2020
Caesars Republic Hotel Breaks Ground in ScottsdaleThe City of Scottsdale’s newest luxury hotel broke ground Wednesday at the corner of Highland Avenue and Goldwater outside of Fashion Square mall. Caesars Republic Scottsdale, opening fall 2021, will be the first non-gaming branded Caesars hotel…» Cap Rates Tighten for Phoenix Multifamily, Industrial, Retail and Hotel AssetsStrong demand […]
COMMERCIAL REAL ESTATE & BUSINESS NEWS – February 28, 2020
Apartment Developer Keep Building, Despite Fears of More Rent Control LawsIn spite of fears surrounding the expansion of rent control laws throughout the nation, developers in some of the biggest U.S. apartment markets haven’t pulled back on new projects. “These laws alone probably won’t slow down new construction,” says John Sebree…» PayPal Phoenix Data Center […]
COMMERCIAL REAL ESTATE & BUSINESS NEWS – February 27, 2020
Valleywise Health Breaks Ground on $900M Medical Center in PhoenixValleywise Health, members of the Maricopa County Special Health Care District Board, District Medical Group, community partners, local dignitaries and Kitchell gathered to break ground on the 673,000-square-foot…» New Industrial Deliveries Don’t Hamper Vacancy in PhoenixNew industrial deliveries in Phoenix have not hampered occupancy in the […]
Daily News – February 26, 2020
Foreign Real Estate Investment Grows in Phoenix, Fuels Top SalesInvestment from foreign firms fueled more than $1 billion worth of real estate transactions in Phoenix during 2019, including the city’s two largest office sales.According to CBRE data, the late-2019 purchases of the Biltmore Center for $212 million…» What Lenders Are Thinking as Multifamily EvolvesRecently the […]