Commercial Real Estate & Business News – August 23, 2024

Retailers shook off numerous economic headwinds and signed leases for slightly more than 52 million square feet during the second quarter, an increase of more than 10% compared to the leasing averages recorded over the past two years for that quarter — and the most retail space leased in a three-month…»

A little over a month after acquiring an infill site in Tempe, Evergreen Devco Inc. is ready to start a wholesale conversion. The existing 157,000-square-foot building will soon be demolished. Once the site is cleared, Evergreen will build a pair of spec industrial buildings totaling…»

The post-pandemic focus on office space reduction is waning, according to CBRE. The percentage of companies that anticipate growing the office space they occupy in the next three years rose to 38% compared to 20% a year earlier, CBRE said in its annual 2024 Occupier…»

Okland Capital and San Tan Development Group today announced they have broken ground on phase one of Northside at SanTan Village, a brand new mixed-use development that will bring high-end retail, restaurant and hotel amenities to the SanTan Village submarket in…»

A year after acquiring a chunk of Mesa land through a state land auction, Novva Data Centers is getting public feedback for its first Arizona project. Utah-based Novva is proposing a campus that would include five data halls, an office building,…»