Commercial Real Estate & Business News – February 26, 2024
Fairmont Scottsdale Princess Eyes Expansion of Guest Rooms, Restaurants, Event Spaces & More An iconic Scottsdale resort is looking to up its game. The Fairmont Scottsdale Princess filed a request to the city of Scottsdale to update its master plan. The request, which will be considered by the Scottsdale Planning Commission on Feb. 28, seeks […]
Commercial Real Estate & Business News – February 23, 2024
Baker Development is Transforming Former Motorola Site in Phoenix The final phase of demolition has begun on the 72-acre, former Motorola semiconductor manufacturing campus located at 52nd Street, Loop 202 and McDowell Road in Phoenix. The site is located minutes from Phoenix Sky Harbor Airport, Arizona State University, downtown…» New Residential Tower Adds More than […]
Commercial Real Estate & Business News – February 22, 2024
Metro Phoenix Dity Inks Deal with Amkor for Largest Semiconductor Testing Facility in US Amkor Technology Inc. cleared a major hurdle on its path to construct a $2 billion packaging and testing complex in the northwest Valley on Tuesday night, when Peoria’s leaders gave their enthusiastic support for an agreement to construct the project on […]
Commercial Real Estate & Business News – February 21, 2024
Slight Uptick In CRE Loan Closings Signals Possible Stabilization Of Financing Market The pace of commercial real estate loan closings inched up toward the end of last. year, signaling a possible change in sentiment among banks and other CRE lenders. The CBRE Lending Momentum Index increased by 1% in the fourth quarter, marking the first […]
Commercial Real Estate & Business News – February 20, 2024
Let’s Accept It: The Fed’s Rate Hikes Did Little to Slow this Roaring Economy Can’t stop won’t stop? OK, you will never confuse me for a rapper, but those are the four words that describe this economy right now. And as we walk into retail earnings hell — a period where too many retailers report […]
Commercial Real Estate & Business News – February 16, 2024
JE Dunn Tops Out 23-Story Saiya on Roosevelt Row JE Dunn Construction and Hatteras Sky announced a major milestone, as its newest development in Phoenix, Saiya, celebrated its official “topping out” last month. The 23-story apartment high-rise project, located at First Avenue and West McKinley Street, broke ground in July…» Top 10 Lease-Ups in Arizona […]