Commercial Real Estate & Business News – April 3, 2024

The Scottsdale 101 shopping center, or rather the land on which the center was built, is heading for the auction block in June. The Arizona Land Department published an auction notice on March 21 that the 75 acres on the southwest corner of Scottsdale Road and the Loop 101…»

The nation’s largest retailer could be setting up shop at a massive mixed-use project in the southeast Valley. Arkansas-based Walmart Inc. (NYSE: WMT) has filed plans with the city of Mesa for a 171,000-square-foot retail store complete with a drive-thru pharmacy, a grab-and-go…»

The move for lenders to find ways to avoid action on troubled CRE loans has been called “extend and pretend,” though “delay and pray” might be even more apt. While an institution can avoid significant and final decisions, it can put off the day when it takes a hit to its balance sheet…»

Creation, one of Arizona’s most prominent commercial real estate developers, has been given the green light to move ahead with construction on a three-building, 16-acre industrial park in Tempe, marking the company’s first industrial undertaking within the city. Nexus Commerce Center…»

All eyes are on the West Valley and for good reason. Communities like Surprise, Glendale and Buckeye continue to attract development and media buzz. From talk of smart cities to bringing more industry to the area, growth continues to climb. In fact, in January of this year…»