Commercial Real Estate & Business News – August 17, 2023

A recent article published in Foreign Policy arguing against corporate investment in Arizona completely misses the mark. Not only does it misstate the facts, but it also dismisses Arizona’s decades of success advancing sustainable growth while ignoring the many climate challenges…»

A long-vacant site within the Asante master-planned community has received approval for a major commercial center anchored by an HonorHealth hospital campus, one of the latest health care providers to make plans for facilities in the West Valley. Called Asante Trails, the 101-acre…»

WeWork’s recent declaration that “substantial doubt exists” about its ability to continue as a going concern threatens to further pummel a U.S. office market already struggling with high vacancy and falling valuations. Its collapse would have wide ripple effects. The coworking…»

Developers want to add 1,500 residential units to the Vistancia master-planned community’s new commercial core in Peoria. Current zoning for Vistancia only allows a maximum of 10,500 residential units overall but the site’s master developer is asking the city to increase…»

In years past, hoteliers have feared the prospect of a recession and what that means for hotel demand. At this year’s Hotel Data Conference, a travel industry economist and hotel industry leaders said that even though they expect recession to arrive later this year, it will be…»