Commercial Real Estate & Business News – August 16, 2023

Institutional Investors Are Primed to Buy Apartments in H2

Institutional investors have remained on the sidelines for most asset classes this year, including their erstwhile darling multifamily. But a new analysis by Institutional Property Advisors suggests they will return in force in the second half of 2023. That will largely be due…»

Tesla EV Sales, Service Center Proposed in Valley Office Building

Tesla (Nasdaq: TSLA) appears to be planning a new sales and repair center at the former Asurion office building in Phoenix. An application was submitted to the city of Phoenix earlier this year to rezone about 8 acres at the southwest corner of Quail and 19th avenues to…»

New Fry’s-anchored Commercial Center Proposed in Buckeye

A Fry’s-anchored shopping center is being proposed for a 20-acre site in a fast-growing area of the Valley. The 152,281-square-foot shopping center in Buckeye, less than 40 miles west of downtown Phoenix, is set to feature a 123,000-square-foot grocery store,…»

Arizona Jobs are on the Rise Again

In July, Arizona jobs rose 2,800 over the month in June after a small drop in May. Arizona seasonally-adjusted jobs rose by 2,800 over the month in June, after dropping a revised 400 in May. The May job change was revised up from a 3,300 loss in the…»

Starbucks Opens First Arizona Double Drive-thru in West Valley

To meet growing demand from consumers in cars, Starbucks (Nasdaq: SBUX) has opened its first location in Arizona with a double drive-thru and two order points. Drive-thrus continue to be extremely important for the quick-serve restaurant industry…»