Commercial Real Estate & Business News – November 15, 2024
Phoenix ranks No. 1 among industrial markets in the U.S. So far this year, stabilization has been the word for industrial real estate and industrial markets in the U.S. Considerable reshoring tailwinds are contributing to a surge in manufacturing development. And as more domestic manufacturing facilities near completion in key markets…» Groundbreaking set for new […]
Commercial Real Estate & Business News – November 14, 2024
Scottsdale panel to vote on Axon’s controversial $1.3 billion HQ development Axon, the maker of Taser stun guns, police body cameras and other law enforcement technology, will be back before Scottsdale’s Planning Commission Wednesday pitching a revamped proposal for its $1.3 billion headquarters and accompanying mixed-use development…» CRE Lending Approaches Pre-Pandemic Levels Despite Office Sector […]
Commercial Real Estate & Business News – November 13, 2024
Northside at SanTan Village brings new mixed-use center to Gilbert Demand for retail spaces in Greater Phoenix remains high, thanks in part to the region’s consistently growing population. According to Avison Young’s Second Quarter 2024 Retail Market Report, “Phoenix’s retail vacancy rates are remarkably low, both historically and on a national…» California firm buys Chandler […]
Commercial Real Estate & Business News – November 12, 2024
Here’s how Discovery Oasis is creating the future of healthcare In late 2021, Mayo Clinic announced that it had purchased 228 acres adjacent to its campus in North Phoenix for $139 million to create a biotechnology corridor called Discovery Oasis. The project will encompass approximately 3.3 million square feet across 120 acres at build out, […]
Commercial Real Estate & Business News – November 11, 2024
Interest Rate Uncertainty Grows After Election Immediately after the election, there was a lurch. Yields on the 10-year Treasury jumped by 21 basis points in a few hours. CRE investors had already been trading their interest rate cap extensions to take risk off the table as much as possible. The 10-year has since returned to […]
Commercial Real Estate & Business News – November 8, 2024
Fed Cuts Another 25 Basis Points The Federal Reserve’s Federal Open Market Committee cut another 25 basis points from the benchmark federal funds rate today as many expected. LPL Financial Chief Economist Jeffrey Roach in an emailed statement called the move “widely expected and well-choreographed.” A bonus is a slight move…» Developer breaks ground on […]