Commercial Real Estate & Business News – August 11, 2023

Nearly three years after a major purchase of north Scottsdale land, Axon Enterprise Inc. submitted a proposal that outlined its vision to turn that vacant land into its new corporate headquarters — and much more. The Scottsdale-based law enforcement technology company filed…»

With leaps being made in new and existing manufacturing developments, Pinal County is looking at a bright economic future. Most recently in November 2022, Procter and Gamble (P&G) announced their plans to build a new manufacturing facility in Coolidge, Arizona. The company has…»

The sale of a DoubleTree hotel near Phoenix for about $115.5 million is the region’s second-largest hospitality deal of the past year amid strong tourism and business travel demand. Los Angeles-based Global Hospitality Investment Group announced it acquired the…»

Freddie Mac CEO Michael DeVito acknowledged the difficulties apartment owners are having during the GSE’s second quarter earnings call. Rising mortgage rates are contributing to downward pressure on apartment values nationwide, forcing up the cost of financing properties,…»

Phoenix-based Baker Development Corporation (BDC), and New York’s Foundation Capital Partners (FCP), along with joint venture partner GTIS Partners, have secured a $39 million refinance loan for Yuma|143, a recently completed,…»