Commercial Real Estate & Business News – February 15, 2024
Why US Economy is Powering Ahead of Europe’s While countries around the world have struggled to recover from the economic setbacks brought on by the pandemic, one has emerged particularly strong. With a fast-growing economy, a strong labour market and falling inflation, the US has outpaced its counterparts in Europe…» CRE Loan Originations Drop 25% […]
Commercial Real Estate & Business News – February 14, 2024
2,000-Acre Tech Park Could be Established in Buckeye for Major Employer A nearly 2,000-acre data center and technology campus could be developed west of Phoenix in a new corridor the city of Buckeye is looking to establish around its airport. The Buckeye planning commission is scheduled to vote Feb. 13 on creating a designated technology…» […]
Commercial Real Estate & Business News – February 13, 2024
Retail’s Return: Is the Sector 2024’s Sleeper Hit? While it’s a hyperbole to call the recent turn in retail’s fortunes a renaissance, it almost seems appropriate considering parts of the sector were left for dead not long ago. The past year was an endurance test of sorts for the industry, which proved to be both […]
Commercial Real Estate & Business News – February 12, 2024
The Costco Effect In the past two years, the Valley employees of real estate firm Vestar have been dedicated to planning and leasing Verrado Marketplace, a $125 million power retail center that’s slated for 500,000 square feet of new commercial space west of Phoenix. Developing and securing…» West Valley Economic Leaders Align on Development Potential […]
Commercial Real Estate & Business News – February 9, 2024
Multifamily Starts Exceeded Expectations in 2023 Despite previous forecasts, new multifamily development exceeded expectations in 2023. In part, the performance of this sector was due to a stronger-than-expected first half of 2023. In addition, data now suggests affordable and single-family housing are now significant…» Phoenix Developer Proposes Mixed-Use Project at Trailer Park Site Venue Projects, […]
Commercial Real Estate & Business News – February 8, 2024
Diversified Partners Starts Construction on Mesa Mixed-Use Development A mixed-use project at a key intersection in the southeast Valley took a big step forward on Jan. 31 — and has a new name. Scottsdale-based Diversified Partners LLC broke ground on a new mixed-use development on the corner of Elliot and Ellsworth roads, which will bring…» […]