Commercial Real Estate & Business News – June 28, 2024
Charting Luxury Retail’s Course in the New Economy The global luxury goods market soared to $1.6 trillion in 2023, with global consultancy firm Bain & Co. forecasting even greater growth in 2024, primarily driven by cars, hospitality and personal goods. In this fiercely competitive sector, staying ahead of the curve is paramount, particularly for…» U.S. […]
Commercial Real Estate & Business News – June 27, 2024
Phoenix Retail Availability Outperforms Nation for Over a Year The Phoenix retail market boasts lower space availability than the United States overall, a trend that has held for more than a year. As the second quarter nears completion, the amount of space available to lease has reached 4.5% of the Valley’s total existing and underway […]
Commercial Real Estate & Business News – June 26, 2024
Ryan Cos. Buys into Infill Spec Industrial as it Breaks Ground on Chandler Project A major real estate player is looking to capitalize on the market for industrial buildings at key infill development sites across the Valley. Minnesota-based Ryan Cos., which has a big presence in the Valley, closed on more than 30 acres on […]
Commercial Real Estate & Business News – June 25, 2024
Are Private Companies Getting Sweetheart Deals on Arizona Trust Land? 80% of Auctions Won by a Single Bidder Arizona’s State Land Department has come into the spotlight after officials canceled a planned auction for about 100 acres of prime real estate in north Phoenix that the Arizona Coyotes had wanted for a new arena. The […]
Commercial Real Estate & Business News – June 24, 2024
Construction Begins On 1.2 million SF Mack Innovation Park Scottsdale Mack Real Estate Group (MREG) announced that the initial phase of Mack Innovation Park Scottsdale is fully financed and breaking ground imminently. Affiliates of MREG have secured approximately $63 million of debt financing for construction of the two-building, 305,400 first phase…» Construction Starts on Business Park […]
Commercial Real Estate & Business News – June 21, 2024
Why Experts Say Phoenix Industrial Market Shows Promising Outlook Thompson Thrift a full-service nationally recognized real estate company engaged in industrial, commercial, multifamily, mixed-use and retail projects across the country, shared insights on the current state of the Phoenix industrial market and why they feel notable plans for near-term investment demonstrate a promising…» Laveen Luxury Apartment […]