Commercial Real Estate & Business News – December 1, 2022

US Retail Rents Lead Sector’s Global Recovery

Retail rents in markets across the Americas now stand a whopping 15% above pre-pandemic levels, according to a new report from Cushman & Wakefield. The firm’s Main Streets Around the World report — Cushman’s first in three years — notes that…»

Texas Dietary Supplement Firm Bulks Up in Phoenix’s Chandler Suburb

A company that makes vitamin-infused gummies, soft gels and other nutritional supplements is opening a larger manufacturing plant at the Chandler Corporate Industrial Center near Phoenix. Gummi World, based in Austin, Texas, leased…»

San Diego Developer Plans 8 More Buildings for Future Phoenix Industrial Campus

A San Diego developer has plans to double the size of an industrial campus across an additional 80 acres it recently acquired in north Phoenix, representing an overall investment of about $260 million. Sunbelt Investment Holdings Inc., also called…»

Master-Planned Community With Homes, Apartments Proposed for Pinal County

Scottsdale-based El Dorado Holdings Inc. is in the process of creating another master-planned community southeast of Phoenix in Pinal County. The real estate firm recently received approval from Pinal County’s planning commission to rezone and…»

Why Gyms Are Outperforming Movie Theaters Right Now

To survive in today’s evolving bricks-and-mortar environment, retailers must find ways to differentiate their offerings, according to Mark Sigal, CEO of Datex Property Solutions. He tells that the story on brick-and-mortar retail, while…»