Commercial Real Estate & Business News – August 16, 2023

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 (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…»

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,…»

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…»

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…»