Commercial Real Estate & Business News – April 4, 2023

$58B in Arizona Manufacturing Investments Among Most in Nation

Arizona has attracted more than $58 billion in private investments for manufacturing since 2021, one of the highest levels in the country, according to the White House, which calls it proof that the president’s economic agenda is working…»

Fire Sale of Failed Bank Assets Speeds Plunge of CRE Values

With interest rates still rising, prices retreating and credit evaporating—and a stressed-out banking system moving to shore up balance sheets—expect more fire sales of older CMBS loans and an acceleration of plunging CRE values in markets…»

Developers Eye Multifamily Use for The Ranch in Gilbert in Effort to Work Together With Neighbors

Just months after Gilbert residents repeatedly halted Town Council discussion in opposition of The Ranch, a developer in the project expects that a modified proposal for the project will be one the neighbors get behind. Pew & Lake PLC, on behalf of…»

Off-Price Retailer Tuesday Morning Hands Back Hundreds of Keys to Landlords

Off-price home decor retailer Tuesday Morning planned to give back hundreds of store keys to landlords, offloading more than half of its stores, as it works through Chapter 11 bankruptcy in hopes of finding a profitable path forward…»

Commercial Real Estate Trends: Adding Detached Living/Working Spaces to Property

While life has largely returned to normal following the global pandemic, COVID has had a lasting impact on the way we work and live. We started our company, Minimal Living Concepts, in 2021 to address the need for private spaces for…»