Commercial Real Estate & Business News – August 13, 2024

The city of Buckeye could help kickstart three major industrial projects, pending final approvals at a planning commission meeting. The planning commission is scheduled to vote Aug. 13 on site plans for a speculative industrial project called Sunrise Commerce Center, the proposed…»

Multifamily homebuilders have reported a more gloomy view of the state of the industry in the second quarter of 2024 than in the same period of 2023 and the first three months of this year. The findings of a member survey by the National Association of Home…»

Aftermarket aircraft parts supplier Setna iO and its affiliate, Setnix, acquired the 112,300-square-foot University Logistics Center in Tempe, Arizona, for $27.5 million, or $244.88 per square foot. The industrial and logistics property, which completed renovations earlier this year, is located at…»

Industrial development in Greater Phoenix has seen an impressive growth streak in recent years, with an unprecedented amount of investment coming to the Valley. Other sectors, such as retail and office, have struggled in the post-pandemic landscape, with…»

A 380,106-square-foot medical office fully leased to CVS Health has traded hands. CVS Health Corp.’s campus in Scottsdale just east of Loop 101 was sold by New York-based Net Lease Office Properties to Robert C. Samuel, a trustee of the Robert C. Samuel Revocable Trust for…»