Commercial Real Estate & Business News – April 8, 2022

The Mangat Group, a Glendale-based land development group, announced today the closing of a land deal with leading U.S.-based battery developer, KORE Power. The lithium-ion battery manufacturer plans to build KOREPlex, a…»

Funko, Inc., a leading pop culture lifestyle brand, has relocated its main U.S. distribution facility from several distribution centers in Washington to one distribution center in Arizona. The company is leasing a 958,000-square-foot facility in Buckeye, Arizona, which will…»

The number of towering construction cranes in a central part of downtown Phoenix during the first quarter of 2022 has remained stable with two cranes still standing amid increasing building costs. This was the same number of cranes counted in the third quarter of…»

U.S. hotel industry profitability quickly recovered in February after a slowdown at the start of the year partially due to reduced travel amid concerns about the spread of the omicron variant of COVID-19. Gross operating profit per available room (GOPPAR) for the…»

In a conference session that focused on capital markets, panelists warned attendees at GlobeSt Net Lease Spring to prepare for the likelihood that the Fed’s medicine for inflation may not come in small, easier-to-swallow doses…»