Commercial Real Estate & Business News – May 7, 2024
Arizona is Poised for Further Momentum After TSMC, Intel & Other Semiconductor Victories Arizona, over the past three years, has scored some huge victories in luring major semiconductor investments to the state, including a major Intel Corp. expansion in Chandler and the construction of three new factories in north Phoenix by Taiwan Semiconductor Manufacturing…» Record […]
Commercial Real Estate & Business News – May 6, 2024
Not-for-Profit Group Acquires Laveen Village, Arizona, Land for Power Infrastructure Development Salt River Project Agricultural Improvement and Power District has purchased more than 96 acres in Laveen Village in Arizona for $46.3 million, or $479,444 per acre, from Leon Capital Group. In June 2022, Leon Capital, a Dallas-based investment company, purchased 140.3 acres…» ‘A Challenging, […]
Commercial Real Estate & Business News – May 3, 2024
Expansion at Gilbert’s SanTan Village Includes Whole Foods, Dick’s House of Sport SanTan Village, Gilbert’s main shopping mecca, is poised to expand on 30 acres with major anchor tenants such as Whole Foods and a new Dick’s Sporting Goods concept store. The project has been dubbed Signature at SanTan Village. It is proposed to have […]
Commercial Real Estate & Business News – May 2, 2024
Phoenix Apartments Post Strongest Quarterly Gain Since Mid-2022 Average asking rent growth in Phoenix’s apartment market remained modestly positive in March, up 0.03% for the month, while rents rose 0.7% overall in the year’s first quarter, the most significant three-month increase since the second quarter of 2022. The improvement to…» Phoenix Shopping Center Developer Adding […]
Commercial Real Estate & Business News – May 1, 2024
CMBS Issuance Jumps to $24.6B This Year Last year was not the most resounding for commercial mortgage-backed securities. It’s been different so far this year. How long that will last is uncertain. Investors have snapped up about $24.6 billion of new commercial mortgage-backed securities so far in 2024, 170%…» Whole Foods to Take Fry’s Spot […]
Commercial Real Estate & Business News – April 30, 2024
mazon Drives Industrial Leasing in Phoenix The Phoenix industrial market got off to a strong start for 2024, with net absorption surging to 4.5M SF in the first quarter, nearly double the amount in the previous quarter. Leasing activity in the Phoenix metro totaled 9.3M SF, much of it driven by Amazon, which inked three…» […]