Commercial Real Estate & Business News – August 9, 2023

New plans have been submitted for a proposed industrial center at the historic Turf Paradise horse racetrack in north Phoenix. California-based CT Realty, which plans to acquire and develop the 213-acre property, submitted a conceptual site plan to the city…»

Developers want to redesignate about 1,200 acres of undeveloped land in the master-planned Tartesso community for major industrial growth. The residential project in Buckeye spans more than 10,000 acres overall and was first proposed in the early…»

Westcore, a leading industrial real estate acquisition, development and asset management firm, has completed a $92.7 million forward purchase of Hatcher Industrial Park from Ryan Companies US, Inc. Westcore partnered with Ryan one year ago for the development of…»

Office is the asset that has the most challenged fundamentals in today’s environment. Reduced demand, rising vacancy, and rents that are declining are all bellwethers of this market right now. However, Jessica Morin, U.S. Office Research, CBRE, offers…»

A large-scale development planned next to Steele Indian School Park in Phoenix that had been put on hold during the COVID-19 pandemic is back in the works, with a change in approach. “We went from more of a commercial-dominated plan…»